Plans for Scottish port of Rosyth presented as part of green freeport bid

Plans for a new freight terminal, offshore renewable manufacturing and green power generating capacity are included in the vision for the Rosyth port and waterfront areas in Fife, Scotland.

The vision was unveiled today by Babcock International (LON:BAB), Forth Ports Group and Scarborough Muir Group as part of the bid for a Forth Green Freeport. The bid, which spans three ports, Grangemouth, Leith and Rosyth, was submitted by a public and private sector consortium in June.

According to the announcement, the sites of Babcock International, Forth Ports and Scarborough Muir in Rosyth and Burntisland could deliver GBP 1 billion (USD 1.1bn/EUR 1.1bn) of investment and 7,000 direct green jobs assuming business case approval in the new year.

Burntisland is expected to become a sister port facility to the newly created Renewables Hub at the Port of Leith and to provide additional deep water access and local supply chain capability for the growing offshore wind sector.

“Scotland is on the cusp of a green revolution, with offshore wind providing the catalyst for new, high-quality manufacturing and engineering employment along the Firth energy coast,” said Ronnie Muir, director of Scarborough Muir Group.

Plans for the Port of Rosyth include a new freight hub.

“Scotland needs to boost its international connectivity and our plan for new freight hub and rail terminals will offer manufacturers and shippers a fast-track route to global and European markets directly via the North Sea,” Forth Ports Group chief executive Charles Hammond.

(GBP 1.0 = USD 1.121/EUR 1.144)

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