The proposed development will increase the port's capacity sixfold, from around 250,000 TEU [twenty-foot container units equivalent] a year to around 1.5 million TEU a year.
Announcing his decision today to approve Teesport's applications for the necessary Harbour Revision Order and Transport and Works Act Order, Mr Fitzpatrick said:
"PD Teesport's proposal confirms our view - which we set out in last year's Interim Report on our ports policy review - that the existing regulatory and operating framework for ports allows the market to continue to meet the demand for additional capacity. The proposal also meets the requirements set out in the Report that port expansion must be sustainable."
Applications for the Orders were made in April and May 2006 and all objections to the Orders have been withdrawn, and no requirement for a public inquiry.