Business, Freight News, Logistics, Sea

Green light for new Liverpool terminal

[ December 17, 2012   //   Chris ]

Peel Ports has gained a Marine Management Organisation licence to build its

Liverpool2 £300 million deep water container terminal  in the River Mersey at Seaforth. Work will get underway in the New Year, said the port.

Managing director of Peel Ports Mersey, Gary Hodgson, described the news as “a fantastic boost not just for Peel Ports, but for the whole of the North West region. Liverpool2 is a transformational investment which will generate sustainable employment and prosperity across the region.

“The UK Government is crying out for private business to invest in new infrastructure to kick-start the economy and boost international trade, and there are few better examples of this than Liverpool2.”

It follows the earlier news that the port has achieved the necessary backing from Banks and private investors  through a refinancing deal that includes £150 million from the European Investment Bank. Chief financial officer, Graeme Charnock, said: “The strong support we have received from banks and investors is testament to their confidence in the future plans of the Peel Ports Group. We have refinanced our existing facilities, and created a diversified and flexible funding platform to support our growth strategy, which includes the development of Liverpool2.”

Tags: liverpool, Peel Ports