Dover Harbour Board News
Posted by ferry in Dover Calais Ferry, Ferry News, tags: Board, Calais, dfds, Dover, Elphicke, Ferries, ferry, France, NorfolkLine, Opco, PDCT, seafrance
Is there any news about the Dover Harbour Board proposal to privatise the Port of Dover ?
The last I heard, the scheme was under consideration by Her Majesty’s government with a view to agreeing to the sell off. The problem is that the three Dover Calais Ferry operators, P&O Ferries, SeaFrance and NorfolkLine seem to be in dispute with the Harbour board over the increased harbour fees, and also there is a loose kind of proposal from the Dover and Deal MP Charlie Elphicke which he calls the “People’s Port” and has been criticised by the previous Labour Party MP Gwyn Prosser.
P&O Ferries have written to the UK’s Secretary of State for Transport looking for clarification on the matter.
P&O are not the only shipping line to be concerned by the board’s plans as Norfolkline, SeaFrance and DFDS have also raised the issue on a number of occasions. P&O Ferries CEO Helen Deeble said:
DHB’s proposal is that Opco [the board’s wholly-owned subsidiary as a company limited by shares] should settle a cash sum of £10 million (US$15.7m) on the Port of Dover Community Trust (PDCT), together with a further amount of cash specifically earmarked for (immediate) use to subscribe for securities of Opco having a value of £20 million at the time of sale. The latter element would be cash-neutral to Opco, as the sum contributed for the subscription would return to Opco as paid-up share capital. Opco will also undertake to enter into arrangements to make regular contributions to the PDCT in its early years, so that the PDCT will have an assured income stream during that period.
Does that throw any light on the matter?
Thought not.

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