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Tyne reveals 2050 vision

[ June 25, 2019   //   ]

Port of Tyne chief executive Matt Beeton announced a Tyne 2050 strategy on 25 June, fully aligned with the governments aspirations laid out in Maritime 2050. It is based around the themes of Technology, Business Development, Infrastructure Planning, Safety and Environmental Management, People, Security and Resilience and Community.

“We need to think long-term and Tyne 2050 will develop initiatives that seek to meet the challenges of the UK’s maritime and transport infrastructure, by strengthening collaborations with business and the community, supporting skills and innovation,” said Beeton.

“Thinking long-term and preparing for the future will set us on the path of meeting our vision of growing the business, creating a sustainable port that continues to add over £621m to the economy.”

On the same day, Tyne said that its pre-tax profits increased to £2.1m and turnover rise by 22% to £57.5m in 2018, with earnings rising by 54% to £11.7 million. It follows a £60m refinancing package from Lloyds Bank Commercial Banking secured in January 2019.