£400 million investment for new shipping terminal Liverpool2
The £400 million investment by Peel Ports, one of the UK’s biggest port operators, will provide a state-of-the-art ocean gateway for UK importers and exporters with road, rail and canal connections linking directly to the heart of the UK mainland, accessing a catchment of over 35 million people, almost 58% of the UK’s population.
The new deep water facility will complement the existing Royal Seaforth Container Terminal at the existing Port of Liverpool, with each terminal having capacity to handle around 1 million containers per annum.
The Port is already the country’s biggest transatlantic port (45% market share) and the only major container port in the north or west of the UK.
Liverpool2, which is one of the UK’s largest private sector infrastructure projects, was developed in response to changing trading patterns and shipping industry trends towards the use of ‘mega’ ocean-going container ships.
Liverpool2 will now be able to handle the biggest cargo vessels in the world.
Liverpool currently has around 8% of the container market in the UK. This figure would be expected to rise to between 15% and 20%. ■