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5,000 new jobs in Liverpool dredging project

The UK’s Mersey Estuary is to receive a £35m ($53m) dredging grant, Chancellor of the Exchequer George Osborne announced at a visit today.

The Mersey’s access channels will be dredged to a depth of 16m, allowing access for post-panamax boxships and increasing tidal access flexibility for other river-based services. The Chancellor went on to announce the start of work on the Liverpool2 deepwater container terminal, which will be composed of 17ha of newly created land mass situated in the middle of the Mersea River, with 854m of quay wall designed to accommodate 13,500 teu vessels.

The plans are intended to increase employment in Liverpool’s maritime sector, which contributes £2.6bn annually, constituting 15% of city’s output.

“As well as creating 5,000 jobs, upgrading Merseyside’s maritime infrastructure demonstrates that this country is open for business, and ready to compete in the global race,” said Osborne. “…we are making sure we prioritise this kind of long-term investment in the infrastructure of our country.”

“The grant will critically support the region’s maritime economy, and it will help Peel Ports expand the Port of Liverpool with our new £300m container terminal Liverpool2,” said Ceo of Mersea Docks and Harbour Company’s parent firm Peel Ports Group, Mark Whitworth.

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