Coinslot - Port Thames

London Resort signs port deal for £3.2bn park project

July 6, 2017
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The firm behind an upcoming multi-billion pound leisure resort on the Swanscombe Peninsula have struck a deal with a major Essex port to facilitate the park’s construction.

 

The news comes just weeks after the company’s deal with major film studio Paramount fell through.

“We have always spoken of our commitment to make use of the Thames both during construction and operation”

London Resort Company Holdings (LRCH) formed a Memorandum of Understanding with Port of Tilbury London Limited (POTL), allowing it to use the port as the main site for the development and construction of the vast entertainment resort.

“We have always spoken of our commitment to make use of the Thames both during construction and operation,” commented Humphrey Percy, CEO of LRCH.

“Reaching a Memorandum of Understanding with Port of Tilbury underlines this commitment and is a further step in delivering a truly global destination.”

The first of its kind in the UK, the Swanscombe park will generate around 30,000 jobs and expects 15 million visitors a year once fully established. It will feature a wide range of attractions and entertainment, including a theme park, hotels, indoor facilities such as a cinema and nightclubs, and a plethora of restaurants and shops.

“At Tilbury we are committed to encouraging the increased use of the River Thames for major construction projects. By using the River Thames, there is not only a reduction in the road miles impact but it also helps to reduce congestion on the road network,” commented Charles Hammond, group chief executive from port owner, Forth Ports.

“LRCH will benefit from our expertise in warehouse consolidation, handling services as well as waterborne transportation.”

A former planning bid will be submitted to the government in November. If the development consent order gets the green light, the park is touted to open by 2022.

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