RBS backs and advises on Dover Western Docks Revival

RBS backs and advises on Dover Western Docks Revival

RBS has acted as financial advisor to Port of Dover in raising a £200m package of funding to support the Port of Dover’s development plans.

Supporting corporates

26 January 2017

RBS is providing a £35million revolving credit facility to support the Western Docks Revival project, as well as acting as financial advisor to the Port of Dover.


The Dover Western Docks Revival project will create a purpose-built cargo and logistics facility at the Port, which currently handles up to £119billion of UK trade each year.

RBS is providing a £35million revolving credit facility to the programme, as well as acting as financial advisor to the Port of Dover.

Port of Dover Chief Executive, Tim Waggott, said: “Dover Western Docks Revival is the single biggest investment ever undertaken by the Port of Dover. It will define how we operate for decades to come.

“Currently handling 17 per cent of all the UK’s trade in goods, it is crucial the Port continues to evolve to meet the demands of an ever-changing political and trading landscape.

“The financial support supplied by blue chip lenders underlines the critical role Dover fulfils for UK and European economies, businesses and consumers. A prominent role which will remain into the future post Brexit.”

Bruce Riley, Managing Director within RBS’s Structured Finance team, said: “The diversity, tenor and flexibility of the overall funding package achieved reflect the strength of the Port of Dover’s business and its enduring importance to the UK economy.

“RBS is proud and delighted to have been able to support the Western Docks Revival project which will have such a positive impact not only on the local community, but also on Britain’s connectivity with Europe. RBS is committed to UK infrastructure development and has supported investment in many of the UK’s largest projects over the past year.”

In addition to bespoke cargo and logistics facilities, Dover Western Docks Revival will also allow the Port to create a dedicated ferry terminal in the Eastern Docks and a transformed waterfront for Dover.



Related articles

RBS announces Fintech partnership

RBS to offer FreeAgent accounting platform to small business customers.

RBS delivers a landmark direct co-lending deal

RBS’s direct co-lending arrangements which allow UK businesses, backed by private equity, greater access to capital investment, has successfully completed a landmark deal.

Latest news

Women and millennials help drive £17bn+ franchise sector to record levels

New research from NatWest and the British Franchise Association (bfa) highlights changes and profitability in the sector.

Winners announced for Skills & Opportunities Fund

52 winning organisations have been announced for round two of the 2018 Skills & Opportunities Fund.

RBS Multicultural Network meets Eric Holder, 82nd US Attorney General

Simon McNamara, RBS Chief Administrative Officer and Executive Sponsor of the RBS Multicultural Network, recently hosted an event in discussion with Eric Holder, the first black US Attorney General. They discussed career, ethnicity, diversity and even a little bit of politics. At the event, Eric Holder shared his wisdom and experience with attendees from the RBS Executive committee and RBS Multicultural Network. Simon McNamara blogs about his experience meeting Eric, a BAME role model, and why diversity is so important to RBS.

Set Tab for lightbox