RBS International has partnered with Lloyds Bank International to provide a £40m loan facility to Ports of Jersey.
This will be used to meet expected capital expenditure over the next three to five years and help to future proof the island’s gateways.
The bank has built a strong relationship with Ports of Jersey over the past few years, which has allowed RBSI to put in place a flexible facility that meets Ports of Jersey's current needs while taking into account the possible impacts of the global pandemic.
Andrew Boustouler, Chief Financial Officer of Ports of Jersey, said: “This loan facility will enable us to ensure essential connectivity is maintained, while supporting our plans to build for the future and continue to serve the needs of the island.”