The project is part of the largest development in the history of the Port. The £50m redevelopment has been supported by a £5m grant from the European Maritime Fisheries Fund and the Scottish Government and a commercial loan from Santander Uk PLC.
PPA chief executive, Ian Laidlaw said that the award of the contract was a sign of the confidence that Peterhead Port Authority had in the future of Peterhead as a major player in the fishing, oil and gas and decommissioning industries as well as the Port being an important strategic asset to the economy of the North East of Scotland.
The project comes after three years of planning and design work, and entails the strengthening and deepening of the inner harbours, land reclamation with revetment, widening of the harbour entrance and demolition works.
Works already completed in readiness for the harbour deepening have included demolition of the old Greenhill Fish Market and upgrading of electrical, gas and water services throughout the Port.
The Harbour Redevelopment Project will be completed in 18 months and has been structured to allow the Port to continue to operate without disruption throughout the duration of the works.
It will enhance Peterhead’s position as a leading fishing port. Across all sectors the Port will eventually support more than 9,500 direct and indirect jobs throughout the North East of Scotland and will generate over £800m per annum for the Scottish economy.
The construction works will create over 100 full time jobs with a number of local companies and businesses being involved in the project. In addition, a significant proportion of the materials used in the project will be sourced locally adding to the benefits to the local economy.
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