London: The company planning a $180 million post-Panamax container terminal at the UK Port of Liverpool has announced waterfront plans for Britain's tallest building outside London - to be named Shanghai Tower.
The 60-storey building costing more than $500 million, is expected to provide a major boost to the strengthening ties between the twinned seaport cities of Liverpool - home to the oldest Chinese community in Europe - and Shanghai.
The naming of the iconic tower was inspired by a business visit to Shanghai by John Whittaker, Chairman of Peel, the major UK ports and property group now planning both the Port of Liverpool's post Panamax container terminal and a $20 billion transformation of the city's waterfront into a dramatic landscape rivalling Dubai, New York and Shanghai.
Already boasting a development track record encompassing 1,000 hectares of land and one million square metres of investment property across the UK, Peel envisage the skyscraper as the dramatic centre piece of its "Liverpool Waters" regeneration scheme, up river from the Port's planned new container terminal for the shipping giants of the post-Panamax era.
Peel Ports - Britain's second largest ports group - is planning to begin construction of Liverpool's post-Panamax container terminal in September 2008, for the facility to be operational early 2011. The British Government gave the project its approval in March.
The new terminal will almost double the container capacity of the Port of Liverpool - one of the fastest growing maritime gateways for trade between China and the UK - to nearly 1,500,000 teus (20ft container units). In 2006, the port handled 630,000 teus at the established Royal Seaforth Container Terminal, which has a capacity of 800,000 teus. The new terminal will provide additional annual capacity of more than 500,000 teus. [23/08/07]
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