December 14 - UK port group, Peel Ports has successfully completed a GBP1.6 billion refinancing deal in order to fund its future growth plans.
Funding for the expansion project has been secured from a variety of banks and private investors - including GDP150 million from the European Investment Bank.
"We have refinanced our existing facilities, and created a diversified and flexible funding platform to support our growth strategy," explained Graeme Charnock, chief financial officer, Peel Ports Group.
The Port's development plans for 2013 include a GBP300 million investment in the construction of the deep-water container terminal, Liverpool2.
The new in-river terminal, due for completion in 2015, will see some of the world's largest container vessels able to call at the port.