 | This article needs to be updated. (June 2015) |
Atlantic Gateway, sometimes referred to as Ocean Gateway, is a proposed redevelopment strategy for North West England, centering on the corridor between Greater Manchester and Merseyside. The proposal is for development backed by £50 billion of investment over 50 years, making it one of the most expensive and expansive development projects in UK history.[1]
The project will involve extensive redevelopment of the Port of Liverpool and the Manchester Ship Canal and will be led by the Peel Group, the largest property investment company in the United Kingdom.[citation needed] Liverpool Waters and Wirral Waters, which together form the Mersey Waters Enterprise Zone, are also part of the project and Peel are also proposing renewable energy solutions which would give the region greater dependence on stable energy.
Liverpool and Manchester became rivals with the opening of the Manchester Ship Canal in 1894, which resulted in job losses at the Port of Liverpool, but the 2011 plan hopes to link the trade of the two cities to create, in the words of chairman of Peel, John Whittaker, "the most dynamic and economically sustainable region in the UK."[2]
- ^ "Ocean Gateway". Peel. Archived from the original on 11 August 2011. Retrieved 13 July 2011.
This concept stretches over 50 miles encompassing the North West's two great cities of Manchester and Liverpool and is the largest private sector investment in any geographically definable part of the UK.
- ^ Barry, Chris (8 September 2008). "Peel supremo seeks planning revolution". Manchester Evening News. Retrieved 12 July 2011.