Released on: March 27, 2008, 4:22 am

Press Release Author: Sarah A. Chase

Industry: Industrial

Press Release Summary: London, 27 March 2008 - PD Ports (PDP) today announced that
Redcar & Cleveland Borough Council has approved plans to create a major new import
centre at Teesport on the North East coast.

Press Release Body: London, 27 March 2008 - PD Ports (PDP) today announced that
Redcar & Cleveland Borough Council has approved plans to create a major new import
centre at Teesport on the North East coast.

The new 1.2 million square foot (110,562 sq.mts.) import centre will be located on
68 acres of PDP's land at Teesport. This centre will create more than 800 new
direct jobs over the next two years and also new jobs among suppliers and logistics
companies serving the centre.

The plans for the import centre include car parking spaces for 450 staff as well as
lorry parking spaces for 350 vehicles. The complex will be built on brownfield land
that is currently undeveloped within PDP's 700 acre Tees Dock estate. This
signifies another major investment at Teesport and will create several hundred
construction jobs during the two year build programme.

"We are delighted to receive approval by Redcar & Cleveland Borough Council of our
plans for another major import centre at Tees Dock. This is another very important
day for us and the whole region," commented David Robinson, Group Chief Executive
Officer of PD Ports.

"This approval now positions Teesport as a major UK portcentric logistics hub. Our
concept of portcentric logistics is gathering further momentum as UK supply chains
seek further efficiency gains and are pressed to becoming greener.

"This latest approval comes shortly after the recent decision from the Department
for Transport (DfT) approving the final planning stage known as a Harbour Revision
Order for the Northern Gateway deep sea container terminal (NGCT) at Tees Dock. The
cargoes passing through the import centre will go some considerable way to providing
volume for the NGCT project.

"We hope that the first part of the new import centre will be operational by summer
2009," concluded Robinson.


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