Belfast Telegraph

Spending of nearly £60m announced by Northern Ireland harbours

Belfast Harbour
Belfast Harbour

By Staff Reporter

Two of Northern Ireland's ports have revealed investments totalling nearly £60m in a major vote of confidence in the economy.

Belfast Harbour has announced the contract to build City Quays 3 - which will be Northern Ireland's tallest office building at 16 storeys - has gone to Farrans Construction.

And in Co Down, Warrenpoint Harbour has said that a company is investing £9.5m in a liquid carbon dioxide terminal on the site.

Nippon Gases, a Japanese business, is to open an import and distribution terminal in Warrenpoint in its first major investment in Ireland.

The Asian company bought Praxair Gases Europe in December last year.

Belfast Harbour is listed at number 10 in today's Belfast Telegraph Top 100 Companies in association with Arthur Cox. The harbour reported pre-tax profits of £65.8m during 2017.

The business describes itself as a major driver of the Northern Ireland economy and home to over 700 firms.

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Two weeks ago Belfast Harbour announced it's spending £15m on redeveloping Victoria Terminal 2, which serves the Belfast-Liverpool route. The contract for that work has gone to Hillsborough-based firm Graham.

Belfast Telegraph