50-year agreement signed for Liverpool Cruise Port
Source: EQS
50-year agreement signed for Liverpool Cruise Port The City of Liverpool is one of the UK’s most visited cities, offering tourists significant opportunities to engage in the arts, especially music, architecture and, of course, its historic football teams. Liverpool Cruise Port is well-positioned to participate in the growing Northern European and British and Irish cruise markets. It has good airport connectivity, with two international airports within an hour's drive, providing significant potential to act as a gateway to the Northern European and Round Britain Cruise Markets for American and European passengers, as well as being well-positioned to act as a home port for the domestic passenger market. Port investment As part of this agreement, GPH will pay certain upfront charges, and (in certain circumstances) annual charges, in each case, the terms of which are confidential. Liverpool Cruise Port has the potential for significant growth in passenger volumes. However, the port is currently unable to satisfy demand on some days due to berthing and infrastructure restrictions. Subject to the granting of the appropriate permits and licenses, GPH plans to invest up to In 2023, Liverpool Cruise Port welcomed 102 cruise ships and over 186k passengers. This is expected to increase to over 200k passengers in 2024 and exceed 300k per annum once the infrastructure works are completed.
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ISIN: | GB00BD2ZT390 |
Category Code: | MSCH |
TIDM: | GPH |
LEI Code: | 213800BMNG6351VR5X06 |
Sequence No.: | 313105 |
EQS News ID: | 1871839 |
End of Announcement |
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