TEESPORT

Involved in the syndicate are Banco Sabadell, Barclays Capital, BNP Paribas, Fortis Bank, HSBC Bank, Santander and Société Générale Corporate & Investment Banking, although a total of 22 financial institutions participated in the operation.

The manifesto of the Association of North East Councils has announced support for the development of a deepsea container terminal at Teesport, as well as for a National Ports Strategy. It hopes that Teesport will help bridge the £30bn economic output gap with the rest of the country.