Northern Gateway construction work could face delay.

http://www.lloydslist.com/ll/news/lack-of-funding-could-delay-northern-gateway-work/20017598305.htm

WORK on PD Ports £330m ($488m) Northern Gateway container terminal in Teesport may not start until 2010 as a result of the global financial crisis which has seen commercial borrowing dry-up.

Graham Wall, PD Ports group commercial director, said that while the intention is still to go-ahead with the terminal’s ground breaking ceremony next September the actual start is “subject to finance” and could slip to 2010.

PD Ports chief executive David Robinson confirmed that work was expected to start in 2010.

The first of three mainline and two feeder berths would become operational about two years after construction started.

Mr Wall also indicated the company had been approached by an international container terminal operator to partner in the development of the terminal which would have an initial capacity of 1.5m teu, rising to 1.8m teu. But he would only confirm that the firm was not Hong Kong’s Hutchison Port Holdings.