Transport and Logistics Network
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A MAJOR Scots Airport has been quietly sold as part of a huge £9.8billion deal.
Edinburgh[1] Airport and major Scottish ports were acquired in the multi-billion-pound deal.
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The airport will continue to be managed by its current owners following the saleCredit: Andrew Barr
Fund manager BlackRock purchased the owners of the major Scottish travel[2] hub, Global Infrastructure Partners (GIP).
GIP manages $100bn of assets and holds a stake in Peel Ports, which owns ports in Glasgow[3], Greenock, Hunterston, and Ardrossan.
It also owns London Gatwick Airport and London[4] City Airport.
The deal is expected to be finalised near the end of the year.
HSBC and JP Morgan were hired by GIP to orchestrate a sale of the Scottish capital’s aviation hub.
The company has owned the airport since 2012, when it bought it from BAA.
GIP explored the airport in 2016 but was deterred by investment connected to Brexit[6] that year.
Larry Fink, 71, BlackRock chairman, said. “Infrastructure is one of the most exciting long-term investment opportunities as a number of structural shifts reshape the global economy[7].
It comes after Edinburgh West MP Christine Jardine raised concerns about the negative impact of the sale on the freeports scheme.
The Liberal-Democrat MP asked Levelling Up Secretary Michael Gove[8] how the UK government will ensure this does not negatively impact the Forth Green Freeport.
Jardine was concerned the sale may reduce confidence in the Freeport following Ineos’s announcement to close its Grangemouth oil refinery.
DRIVERS faced delays on a busy Scots motorway slip road after a major incident involving a “multi-car crash”.
Emergency services[1] raced to Junction 12 on the eastbound carriageway of the M8 near Riddrie, Glasgow, tonight.
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Cops are investigating a multi-car crash on the slip-road near RiddrieCredit: Supplied
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There are at least three cars involved in the incidentCredit: Supplied
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Multiple police vehicles including unmarked cars are presentCredit: Supplied
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There was also a double-decker bus at the sceneCredit: SUPPLIED
Images from the scene show at least three vehicles facing in different directions on the carriageway.
There is also a double-decker bus involved in the incident.
Several police[2] cars including unmarked vehicles are also present.
The slip-road is the main access point onto the motorway[3] which appears to be locked down by police.
More to follow.
An estimated 1,658 car journeys could be taken off the road every day if a proposed railway station at Winchburgh comes to fruition, a new report has found.
As part of a fresh campaign for a station at the West Lothian town, the report found that the …
By Jack Walton
Back in the antediluvian days of 2022, I was living and working in Liverpool while my girlfriend was based in Salford. Twice a week, I would take on the Takeshi’s Castle challenge of travelling between the two cities. Despite this being …