The first phase of the expansion work will see Teesport's container terminal increase its capacity.

BBC: Work gets underway on Teesport's Northern Gateway

TeesPort is one of the biggest ports in the UK, and Corus Teesside is right by it.

BBC: Your comments on Corus closure

The A66 and the A19 could be converted to motorway so better road transport is there, and that'd also give better access to TeesPort.

BBC: Your comments on Corus closure

Much of the steel produced is shipped to Thailand, via Teesport, and is used mainly in the automotive sector, with some turned into white goods.

BBC: Redcar's SSI Steel plant hits two million tonnes mark

As well as funding the development of the Boulby site, the investment will go towards upgrading the company's Teesport operation near Middlesbrough, which exports potash mined at Boulby.

BBC: Cleveland Potash Boulby development to create 270 jobs