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UK PM launches £4.2bn investment plan at Felixstowe

UK PM launches £4.2bn investment plan at Felixstowe
UK Prime Minister David Cameron used a visit to the Port of Felixstowe to launch a new Economic Plan for the East of England.

The £4.2bn investment plan is aimed at growing the region’s infrastructure and creating 250,000 new jobs by 2020.

The PM also praised Felixstowe’s plan for a new £200m berth, Berth 10, and the additional jobs which would be created as a result.

Cameron told the port’s managers: “The extraordinary scale of the trade you are pioneering is not just fundamental to success in this region, it’s fundamental to the success of the whole country. And with your exports to the fast-growing Asian markets up by two-fifths in the last five years alone that is exactly what you are helping to do.

“Put simply, you are increasing Britain’s footprint in the world. Your success is one part of an exciting story of economic recovery that is beginning to take place right across the East of England.”

Clemence Cheng, Port of Felixstowe ceo, said: "We are honoured that the Prime Minister has chosen the Port of Felixstowe to make this important economic announcement for the East of England. We were able to show the Prime Minister how the continued investments we are making at Felixstowe are helping support UK economic growth and create more jobs.

“The developments at Berths 8&9 ensure the UK has a world class facility to handle the world's largest vessels. These mega ships provide UK exporters with the most efficient connections to key overseas markets and are central to delivering an export-led economic recovery."