Bank invests £3.5m into Stornoway Port
£3.5m towards a new linkspan for Stornoway Port’s newly constructed Deep Water Terminal
This is the Bank’s first investment in the Outer Hebrides
The Deep Water Terminal plays a vital role and will deliver lasting economic benefits
Stornoway Port has secured £3.5m towards a new linkspan for its newly constructed Deep Water Terminal. This is the Bank’s first investment in the Outer Hebrides.
The terminal was built to facilitate larger ships, improve connectivity and create opportunities for local economic growth in the renewable energy, transport and cruise industries.
The new linkspan will strengthen Port operations and will be a critical piece of infrastructure for the whole of Lewis and Harris. It will enhance the capacity and resilience of existing ferry services, safeguard lifeline connectivity to the mainland for goods, passengers and supplies, and it will facilitate the potential introduction of a dedicated freight ferry to the island.
This linkspan is also key to facilitating Scottish and Southern Electricity Network’s (SSEN) Western Isles High Voltage Direct Current (HVDC) Project, which will run subsea cable from the port to the mainland, transporting renewable energy and improving energy security.
The Bank’s funding compliments several other development projects also underway at the port, including a £7.2m investment to upgrade Arnish Road. The development, led by the Port, is supported by investment from SSEN Transmission and Highlands and Islands Enterprise to provide better access to industrial and port facilities.
We’re incredibly proud of this achievement! It was a real team effort across the agency and from the client, for a cultural icon! Winning Gold is a testament to our team’s dedication to the project, their energy and the energy of the venue.