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The Port of Tyne has unveiled plans to invest around $200 million to redevelop 230 acres into the Tyne Clean Energy Park, adding 400 meters of deep-water quayside to support offshore renewables, clean energy and advanced manufacturing.<\/span><\/p>\n The project could create up to 12,000 jobs and deliver $7.6 billion to the economy, according to an independent study by WSP.<\/p>\n The investment program will transform the north and south banks of the Port of Tyne and add an additional 400 meters of deep-water quayside.<\/p>\n The plan for Tyne Clean Energy Park includes a kilometer of both new and redeveloped deep-water, heavy lift quay to facilitate the use of a 230-acre footprint sited within an Industrial Strategy Zone, providing similar benefits to freeports.<\/p>\n These include Business Rates relief, enhanced Capital Allowances, enhanced Structures and Buildings Allowance, employer National Insurance contributions relief and Stamp Duty Land Tax relief.<\/p>\n The development will focus on supporting the fast-growing offshore renewables, clean energy and advanced manufacturing sectors.<\/p>\n \u201cAccelerating offshore wind, renewable energy and advanced manufacturing is a national priority and requires decisive action. Boosted by Industrial Strategy Zone status that provides similar benefits to a modern freeport, our expanded Tyne Clean Energy Park is uniquely positioned to support this U.K.-wide initiative.\u00a0<\/p>\n \u201cLocated close to emerging North Sea wind arrays, this nationally strategic site offers deep-water access and a major development footprint to enable the creation of world-class infrastructure to support a growing supply chain offering,\u201d said Matt Beeton, Chief Executive Officer at the Port of Tyne.<\/p>\n Beeton added that phase one, Howdon Quay, with a 23,024 square foot warehouse and a dedicated berth is already complete and ready for business following a $8.17 million redevelopment.<\/p>\n<\/p><\/div>\n maritime professional<\/p>\n","protected":false},"excerpt":{"rendered":" The Port of Tyne has unveiled plans to invest around $200 million to redevelop 230 acres into the Tyne Clean Energy Park, adding 400 meters of deep-water quayside to support offshore renewables, clean energy and advanced manufacturing. The project could create up to 12,000 jobs and deliver $7.6 billion to the economy, according to an …<\/p>\n","protected":false},"author":1,"featured_media":67469,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[64],"tags":[],"class_list":["post-67468","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-maritime-news"],"_links":{"self":[{"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/posts\/67468","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/comments?post=67468"}],"version-history":[{"count":0,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/posts\/67468\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/media\/67469"}],"wp:attachment":[{"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/media?parent=67468"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/categories?post=67468"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/tags?post=67468"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}