Reuters has reported that the Falkland Islands got its first sovereign credit rating, an investment-grade A+ score from S&P Global on Monday, as the tiny British-run territory looks to dip into borrowing markets to pay for improvements to its main port.
Falkland Island lawmaker, MLA Roger Edwards, portfolio holder for Public Works spoke about the ongoing project for the new port to replace FIPASS, (Falklands Interim Port and Storage System) and the resources it will require, among which some 900,000 tons of stone.
The Falklands Pony’s Pass Quarry is a busy site at the heart of industrial operations and produces 160,000 tons per annum of quartzitic sandstone using a state-of-the-art mobile crushing and screening train.
The planned new port for the Falkland Islands to be constructed at Stanley Harbor was analyzed during a presentation this week to members of the public in the Town Hall, by a team from BAM Nuttall and Royal Haskoning, the companies responsible for the planning and construction of the project.