Denmark's Port of Aalborg Invests for New Growth

MarineLink.com
Thursday, October 10, 2013
Aalborg Østhavnen/Grønlandshavnen: Photo courtesy of the port

The Port's Board of Directors has approved an investment budget of 500 million kroner (about US$ 90,735,000) for the Port of Aalborg Group in the period 2014-2016.

An analysis prepared by the City of Aalborg Business Office and Business Network 9220 shows that companies in Aalborg East generally made it through the crisis, and that many of them are planning further growth already .



"The analysis has made me even more confident in my recommendation to the Board for approval of the massive investment framework for the port. Companies indicate a need for more land, production facilities, service buildings and technology based on an expectation that the Port of Aalborg and Aalborg - along with the state - will invest in the necessary improvements in the pressurized infrastructure, "says CEO Claus Holstein, Port of Aalborg A/S



The Board expects that the principles of the financial arrangements for the planned investments are in place at the end of the year.

"The decision on the level of investment is a clear signal that the port is now ready for new growth after the financial crisis. It is a commitment to the industry's efforts to improve efficiency and create new business activities for growth and development of society, not just in Aalborg, but throughout North Jutland, "says Henning G. Jensen.

Source: Port of Aalborg / Maritime Danmark

"The decision on the level of investment is a clear signal that the port is now ready for new growth after the financial crisis. It is a commitment to the industry's efforts to improve efficiency and create new business activities for growth and development of society, not just in Aalborg, but throughout North Jutland, "says Henning G. Jensen.


Source: Port of Aalborg / Maritime Danmark
 

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