March 4 - Forth Ports has entered into an agreement to purchase 152 acres (61.5 ha) of land, including a deepwater jetty, to the east of the UK's Port of Tilbury.
The land is part of the former Tilbury power station owned by RWE, which is currently being decommissioned.
The acquisition price was not disclosed, but it is expected that at least GBP100 million (USD141 million) will be invested in infrastructure and facilities on the land, said Forth Ports.
Forth Ports intends to use this land to extend its current operations with the creation of a new port facility, which will be connected to national rail and road networks.
"We are acquiring this additional land to extend the port in response to increasing demand from customers who are seeking additional capacity within the port," said Forth Ports chief executive Charles Hammond.
Port of London Authority chief executive Robin Mortimer added: "The former power station site offers a fantastic deepwater berth and the land is ideal for the port centric logistics in which Tilbury specialises."
