The UK’s largest state owned port is looking for private investment to help fund expansion.
The Port of Dover plans to build a second ferry terminal on the Western Docks- a project which is expected to cost more than £400 million (€453 million; $589 million).
Project managers are looking at several funding options, including all debt financing and selling a stake in the port to private investors, according to the port’s finance director Tim Waggott.
In a recent report for the government, accountants PricewaterhouseCoopers said part-private ownership could make the port more attractive commercially.
On Friday Dover announced pre-tax profits of £16.6 million for 2008, down 24 percent from £20.6 million the previous year after a fall in traffic volumes.
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