As Cardiff continues to grow, Associated British Ports (ABP) looks to be a key player in its future.
While projects such as the Central Square development continue to improve Cardiff’s business and consumer districts, areas such as Cardiff Bay docklands offer new opportunities for the city’s development.
With the date of Brexit fast approaching, ABP Cardiff is in the happy position of operating Wales’ only container port supporting Wales’ access to global markets.
The Port of Cardiff has expertise in the handling of containers, steel, forest products and dry and liquid bulk cargoes. It supports 2,000 jobs locally and contributes £121m to the local economy each year.
The development land currently owned by the company totals 960 hectares. This large amount of land is positioned close to Cardiff and major transport links. Because of this, the Port is a strong contender for businesses looking to Cardiff.
To help businesses finance their developments, ABP also have their own funding team. The financing options are there to help ABP build long-term development partnerships. These opportunities are all designed to help ‘keep Britain trading’, which is a goal for ABP.
ABP recently acquired the Neptune Works and the former AIC Steel sites in Newport. They also sold non-operational land back to the community in Barry. These actions were part of a drive by the company to ensure that they were able to deliver the utmost potential to the ports.
Work has also begun on the construction of a new facility for the Royal Navy Reserve’s shore unit HMS Cambria near Roath Dock in the Port of Cardiff.
The project is being delivered by the Reserve Forces and Cadets’ Association (RFCA) in partnership with ABP, and will provide state-of-the-art training and classroom suites as well as accommodation and social facilities.
Commenting on ABP in Wales, Matthew Kennerley, South Wales Director of ABP, said;
“With Brexit on the horizon the focus on our coastal communities is growing. ABP’s recent activity in Wales shows that they are meeting the challenge head on.
“With more investment and attention centring on Wales’ capital, the Cardiff port could be a gateway to future prosperity.”