• The post you are reporting:
   
  On the contrary, Barry. There may be other inferior options but the status quo is the only formula under which the port can, without question, continue to develop and not stagnate. I think you will agree that there can be no more beneficial financial arrangement for any organisation than one which enables them to operate their business for an owner which charges them nothing for the privilege, and allows them to reinvest all the profits they make in maintaining and expanding the business.
  
  Any other formula can only result in less money being available to develop and not stagnate as it requires part or all of the profits to go to a third party instead of into maintenance and expansion. There is now absolutely no requirement for private finance whatsoever. DHB only said that it was required in order to finance T2 in a very short time span in order to cope for an explosion in truck numbers which has not come and is now many years in the future, if ever.
  
  The recession has meant that T2, or any other developments, can now be funded in stages over many years and there is a more than ample stream of income from the port users to enable that. This is the way in which the Eastern Docks were funded, incrementally over the years, and they are arguably a much bigger development than T2 with double the number of berths.
  
  Port development is unquestionably ensured by retention of the status quo. The only reason to change it is in order to sell it off and milk the cash cow which development via the status quo has created. It is ingenuous to suppose otherwise.

Report Post

Your Name

Reason