Transport and Logistics Network
The Forth Green Freeport (FGF) is officially “open for business” today, 12 June 2024, following approval its Outline Business Case and the designation of its three tax sites located in Grangemouth, Rosyth, Mid-Forth (Leith and Burntisland).
This “major…
Ready at the head of the train. A Freightliner class 66 diesel ready for departure from Grangemouth with the Elderslie intermodal express. Image Andrew Sumner of Malcolm Group Image Andrew Sumner of Malcolm Group
A trial has been held of a sub-fifty mi…
Falkirk’s councillors heard about the positive progress of the Forth Green Freeport project at a meeting of the Council’s Executive on 17 October.
It was announced on 13 January 2023 that the Forth was one of two successful bids to host one of Scotland…
Hundreds of jobs are set to be lost in the move which is expected to take place in the spring of 2025.
In November, Scottish Energy Minister Neil Gray told Holyrood that he remained hopeful he could “extend the potential life” of the refinery.
MSPs hea…
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.