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Displaying items by tag: Shares

#ferries - Manx Radio reports of a political party that says the Island's public could buy shares in the Isle of Man Steam Packet to benefit from government's nationalisation of the company.

The idea has been floated by LibVan as a way of letting the Manx people have a direct stake in the investment, which cost the taxpayer £124 million.

Government bought the company last year from Banco Espirito Santo, and last month Tynwald approved new 'Heads of Terms' for the Sea Services Agreement.

To read more on the story and to listen to LibVan party member, MHK Lawrie Hooper click the link here to the radio's podcast. 

Published in Ferry

Shannon Foynes Port Information

Shannon Foynes Port (SFPC) are investing in an unprecedented expansion at its general cargo terminal, Foynes, adding over two-thirds the size of its existing area. In the latest phase of a €64 million investment programme, SFPC is investing over €20 million in enabling works alone to convert 83 acres on the east side of the existing port into a landbank for marine-related industry, port-centric logistics and associated infrastructure. The project, which will be developed on a phased basis over the next five years, will require the biggest infrastructure works programme ever undertaken at the port, with the entire 83 acre landbank having to be raised by 4.4 metres. The programme will also require the provision of new internal roads and multiple bridge access as well as roundabout access.