IPH lands Great Yarmouth partnership

International Port Holdings (IPH) has won a public procurement process to become the preferred partner for the development and operation of the existing Great Yarmouth river port and its new outer harbour project.

Interested parties will have to partially finance construction of the facility, although public investment of ?396.3m is also earmarked.

Englefield Capital, a private equity fund with assets under management of €700m, is supporting IPH with equity capital which together with debt finance will enable the investment of £200m over the next few years.