The British government’s Regional Growth Fund has assigned a grant of £35 million (about US$53.5 million) to dredge the approach channel in Mersey Estuary, which will improve access to Seaforth Dock, just north of Liverpool in the U.K., according to George Osborne, the nation’s chancellor of the exchequer.
The grant was awarded to the Mersey Docks and Harbour Co., part of Peel Ports Group. The dredging is part of Peel Ports Group’s expansion of the Port of Liverpool, including construction of a $459.1 million container terminal, Liverpool 2, on the River Mersey.
By deepening the approach channel to 16 meters (about 52.5 feet) and widening the tidal access window, Port Seaforth will be able to handle post-Panamax ships and a range of other river traffic.
“This is exactly the kind of public sector investment the country needs because it will drive growth in the U.K.’s private sector by improving infrastructure,” said Mark Whitworth, chief executive of Peel Ports Group, in a written statement.