Guernsey Ports expects small surplus by 2025

Guernsey Ports expects to need £4m of taxpayer money in 2024

Guernsey Ports expects to make a small operating surplus by 2025, according to its outgoing managing director.

Colin Le Ray said the organisation was justified in increasing fees for services like airport parking and boat mooring, as it was reducing its reliance on money from taxpayers.

Ports said it expected to need £4m of taxpayers' money in 2024 to "cover any operating losses and fund essential investment".

A spokesperson said: "Guernsey Ports has sought to spread the fee increases across all port users in a reasonable manner, so they are not excessive and do not unduly impact on islanders generally."

Mr Le Ray said it was important Ports became "entirely self sufficient" if possible as it would still be reliant on taxpayer money to fund capital projects in 2025.

He said Ports had tried to minimise price rises for private boat owners by increasing airport and commercial shipping charges.

Mr Le Ray said: "The challenge I think is that the airport is a more expensive entity."

He said Ports was planning to introduce efficiency savings at the airport to "trim back on various areas of the business without impacting on safety".