RBS International has partnered with Lloyds Bank International to provide a £40 million loan facility to Ports of Jersey for the purpose of meeting expected capital expenditure over the next three to five years and to future proof the Island’s gateways.
This transaction builds on the strong relationship that the bank has developed with Ports of Jersey during the last few years which has allowed RBSI to put in place a fully flexible facility that meets the current needs of Ports of Jersey while taking into account the current climate, the global pandemic we are all facing and any impacts this could have on the Ports of Jersey.
Andrew Boustouler, Chief Financial Officer, Ports of Jersey said: “Ports of Jersey is pleased to have secured this loan facility, which will enable us to ensure essential connectivity is maintained whilst providing support for our plans to build for the future and continue to serve the needs of the Island”
Andy Larose, Relationship Director, RBS International, said: “It was a pleasure working with Ports of Jersey in order to provide a solution which will benefit not just the company and its customers, but the Island’s infrastructure as a whole. As a bank our purpose is to help business to thrive and we look forward to continuing to support the Island’s business community further as we move beyond the current climate and look to the future.”