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03 August 2025

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Banks get behind Dover docks scheme

27 Jan 17 A consortium of British and European banks has agreed a £200m package of loans to support the Port of Dover’s capital building programme.

The Dover Western Docks Revival project will create a purpose-built cargo and logistics facility.

Allianz Global Investors has agreed to provide a 拢55m private placement bond; RBS and Lloyds Bank have each provided a 拢35m revolving credit facility; and the European Investment Bank has confirmed a 拢75m loan.

Port of Dover chief executive Tim Waggott said: 鈥淒over 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% of all the UK鈥檚 trade in goods, it is crucial the Port continues to evolve to meet the demands of an ever-changing political and trading landscape.

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

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