First Minister Alex Salmond and Stena owner, Dan Sten Olsson, are scheduled to make an announcement in Edinburgh. The ferry port move would also allow a masterplan for the regeneration of Stranraer waterfront to proceed.
Stena·s intention to leave Stranraer was first signalled in February 2003 with its proposed relocation site further up Loch Ryan at Old House Point. Shortly afterwards the company began talks with rivals P&O to look at sharing expanded facilities in Cairnryan. However, in 2007 those plans were dropped due to the prohibitive costs involved.
Last year Stena Line revealed it would revert to its original plans and make the move to Old House Point. It is expected the announcement will confirm those proposals can now go ahead.
source: www.news.bbc.co.uk