Plans for the development of a new deep water container terminal at the Port of Liverpool received a major boost after the European Investment Bank agreed a major finance deal for the project.
Under the terms of the agreement, the bank will provide half of the £300 million required for the construction project, which is scheduled to begin next year.
Work on the site will include the development of a new 854-metre quay wall, in-filling of the new land-mass and the dredging of a 26.5 metre-deep berthing pocket near the quay wall.
Ship to shore quay cranes and cantilever rail mounted gantry cranes will also be installed along with various supporting infrastructure developments.
It is estimated that the new project will require 6,100 metres of new crane rails, 15,000 metres of steel piles and 30,000 metres of concrete.
Around 5,000 new jobs could be created as a result of the plans, with port managing director Gary Hodgson telling the BBC that the news was “another sign of confidence” in the region.
Author: Editor Gavin Pearson (email@example.com or 0207 202 0255)