The UK and Welsh governments have confirmed that Anglesey Freeport and Celtic Freeport have been successful in their bids to establish freeports in Wales.
Anglesey Freeport aims to attract GBP1.4 billion (USD1.7 billion) worth of investment in the green energy sector. It will have a focus on marine energy technology and low carbon energy and will embark on a variety of infrastructure programmes including the Holyhead port redevelopment and the restoration of the railhead and track.
Celtic Freeport in Port Talbot and Milford Haven will focus on low carbon technologies including floating offshore wind, hydrogen, carbon capture, and biofuels. This will be supported by the development of land and quayside space and bringing a disused railhead back into operation.
The sites are estimated to bring forward almost GBP5 billion (USD6.2 billion) in private and public investment and create over 20,000, high-skilled jobs, backed by up to GBP26 million (USD32.2 million) each in UK Government funding.
Meanwhile, HLPFI reported earlier this year that the UK and Scottish governments confirmed that Inverness and Cromarty Firth Green Freeport and Forth Green Freeport were successful in their bids to establish two green freeports.
