Scottish National Investment Bank Invests USD 4.74 Million in Stornoway Deep Water Terminal
The Stornoway Port has secured USD 4.74 million from the Scottish National Investment Bank for a new link bridge to its Deep Water Terminal, marking the bank's first investment in the Outer Hebrides. The terminal aims to enhance access for larger vessels and boost local economic growth in renewable energy, transport, and cruise industries.
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The Scottish National Investment Bank has invested USD 4.74 million in the Stornoway Port for a new link bridge to its Deep Water Terminal, which facilitates access for larger ships and aims to enhance economic growth in the Outer Hebrides. The bridge will improve ferry service capacity and resilience, securing essential connectivity for goods and passengers.
It also supports the HVDC project by Scottish and Southern Electricity Network, which will connect the port to the mainland with a submarine cable to transport renewable energy. This funding complements ongoing developments at the port, including a USD 9.74 million road improvement project.
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