The Port of Tilbury, London’s major port, has recently announced plans to transform the Tilbury container terminal with a £1 Billion expansion. The proposed new port terminal which will be known as Tilbury2, will be constructed on the former 152-acre Tilbury Power Station site. The new terminal will likely include a facility enabling the import and processing of bulk construction materials to support the demands of the UK’s building sector.
The port is planning to expand the site from 850-acres, to 1,100-acres including a storage area of a variety of goods, including cars. There are also plans to add a deep-sea jetty, allowing ships to arrive and depart from around Europe. The site expansion will allow Tilbury to accommodate ships from India, Africa and the Far East. The planned expansion will bring huge economic benefits as well as creating many jobs in the area.
Nearly half of the investment at Tilbury is being made by tenants, following the ports privatisation in 1992. Tilbury Port has been expanding rapidly over the past two decades, creating the demand for this expansion as businesses are seeking more space and land. In addition to this, there has been a significant increase over the years of goods and products coming in through the port. It is estimated that the port will continue to increase in size over the next 15 years which the new port terminal would support.
The investment has been a key factor in construction of the biggest Amazon fulfilment centre in Britain, which over the next ten years will triple the number of employees from 4,000 to 12,000. This is also likely to result in more retailers deciding to package their goods on site at the port, rather than moving them to a separate site for distribution.