Stable trend in results makes ambitious investment programme possible
Aug-12-2010 - The Port of Rotterdam Authority’s results for the first six months were up by € 13 million on the same period of 2009, to € 90 million. This rise is largely explained by the increase in revenues. Revenues from leasing sites increased by € 10 million (9%) due to new site allocations and indexation. Seaport dues were up by € 6 million (4%). This increase is substantially lower than the 15% rise in throughput, due to the one-off crisis discount in 2010 of 7% on seaport dues.
A stable trend in the results is important for the Port Authority, considering its sizeable investment programme for the medium and long term. This involves investments in both the existing port area and Maasvlakte 2. About half of these investments will be funded from the operational cash flow and the other half from the capital market.
In the first half year, the Port Authority invested € 200 million, 26% more than in the first six months of 2009. Of this € 200 million, € 72 million was invested in the existing port and € 128 in Maasvlakte 2. This means that total investments in the first half year are more than three times higher than total depreciation in the first half year. Investments will reach € 545 million this year and will increase further in 2011, to around € 700 million. In this way, the Port Authority is investing in a healthy future for the mainport and further strengthening of the Dutch economy.
The Port Authority’s results for 2010 as a whole are expected to be about 10% higher than for 2009.