Port of Liverpool Plans Get Boost

Multi-million pound plans for a new container terminal at the Port of Liverpool have been given a boost.

The European Investment Bank has agreed to provide almost half the finance for the £305m Liverpool 2 development.

Currently going through tendering process, the port’s construction is due to start next year and completion expected in 2015.

Port managing director Gary Hodgson said the announcement is “another sign of confidence” in the region.

It is hoped the project will create 5,000 jobs and bring the world’s largest container ships to the River Mersey

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Article courtesy of The BBC.

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Tags:  Container terminal, European Investment Bank, Liverpool, maritime news