Following the signing of a new 20-year agreement with customer Solent Stevedores Ltd, Associated British Ports' (ABP) Port of Southampton is investing £4.1m in enhancing the handling and storage facilities at the port's Bulk Terminal. The investment comprises £1.6m, earmarked for a new mobile harbour crane, and £2.5m for a new multi-purpose transit shed, which will be completed in 2007. In addition to ABP's investment, Solent Stevedores has spent approximately £350,000 this year on shore-side equipment, with additional investments of £250,000 planned for 2007 and 2008.
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