Canada’s Brookfield to Invest in UK Port Expansion

22 June 2010 (Last Updated June 22nd, 2010 18:30)

Canadian equity firm Brookfield Asset Management will invest £29m to expand its facilities at PD Port in Teesport, UK. The company is expected to outline expansion plans later this month, reports dredgingtoday.com. Brookfield is likely to invest in a container-handling facility i

Canadian equity firm Brookfield Asset Management will invest £29m to expand its facilities at PD Port in Teesport, UK.

The company is expected to outline expansion plans later this month, reports dredgingtoday.com.

Brookfield is likely to invest in a container-handling facility in Teesport, which is expected to see a 40% increase in volume by the end of the year.

The investment firm bought the port in 2009.