Italian investors

The growth is expected to continue over the next ten years as the port follows through on plans designed to secure future volumes. These include the purchase of 119 acres on the eastern end of the Port Jersey peninsula for the potential redevelopment of new cargo container space, the development of an ExpressRail on-dock rail system to be ready by 2011, and the port’s $2bn, 10-year Capital Plan, which includes significant funds to upgrade the on and off-port road network.

Italian investors have indicated a willingness to support the project to build a new port, naval shipyard and industrial units at Cubatao, Brazil. This will require an estimated US$350m of private investment.