Peel Ports has launched dredging operations for its new post-Panamax container terminal at the Port of Liverpool in the U.K.
Liverpool2, scheduled to open in 2015, is being constructed on reclaimed land in the River Mersey, known as the “Seaforth Triangle.” Construction will include a 16.5-meter (about 54 feet) berthing pocket and 2,802-foot-long quay wall, and will require eight ship-to-shore cranes and 27 rail-mounted gantry cranes. The terminal is expected to handle up to 600,000 20-foot-equivalent units per year.
The project represents an investment of £300 million (about US$465.9 million) by Peel Ports, including a $233.1 million, 20-year loan from European Investment Bank.
“This is the culmination of several years’ hard work, developing the business plan, securing finance and procuring the delivery of the key elements of the scheme,” said Gary Hodgson, Mersey Ports’ managing director, in a written statement.
“The last few months have seen an intense amount of planning and preparatory work completed on the scheme’s detailed design,” added Doug Coleman, the project’s director. “It is intensely pleasing that we remain on program and there is a real sense of satisfaction that we are now in the construction phase of Liverpool2.”
Peel Ports was also recently awarded a $53.5 million grant to dredge the approach channel in Mersey Estuary, just north of Liverpool in the U.K., as another part of its expansion of the Port of Liverpool.