The Netherlands: Port of Rotterdam’s Positive Results Make Investment Programme Possible
- Business & Finance
In the first half year, the Port of Rotterdam Authority result increased by € 8 million to € 98 million (9%), compared to 2010. The rise is especially a result of increased yields. The yields from the letting of industrial areas increased by € 5 million (4%) through new area distribution and price adjustments. The port dues increased by € 7 million (5%). This increase is considerably higher than the 1% increase in throughput because a one-off crisis discount on port dues was given in 2010. This crisis discount of 7% was replaced by a so-called recovery reduction of 3%.
A stable, positive development in the Port Authority’s result is important considering the Port Authority’s extensive middle and long-term investment programme. This concerns investments in both the existing port area and Maasvlakte 2.
The Port Authority invested € 186 million in the first half year, against € 200 million in the first half year in 2010. The expectation is that investments in the second half year will increase substantially and rise to some € 520 million in total this year: approximately € 150 million in the existing port area and € 370 million in Maasvlakte 2. In 2010, the Port Authority invested € 445 million. With this the Port Authority is investing in a healthy future for the mainport and in the further strengthening of the Dutch economy.
Source: portofrotterdam, August 18, 2011.