00:00 The world's largest independent cruise port operator has signed a 50-year
00:04 agreement to operate services at Liverpool Cruise Terminal. Subject to the
00:09 granting of appropriate permits and licences, Global Port Holding PLC plans
00:14 to invest up to £25 million in the terminal's infrastructure, doubling its
00:19 operations. The investment will include the addition of a new floating pontoon
00:23 that will increase capacity and allow for simultaneous berthing of two 300
00:28 metre ships and up to 7,000 passengers a day. The funding injection will also see
00:33 the construction of a new terminal building. At the end of 2023, Liverpool
00:37 City Council announced they'd be stepping away from operating the
00:40 terminal it established and managed since 2007. The decision to hand back the
00:44 lease to Peel Ports Group was made by the council to ensure their upgrade of
00:48 the cruise facility. Over the last 16 years, the city's welcomed more than 800
00:52 vessels and 1 million passengers, generating more than £110 million
00:57 pound to the city's visitor economy.
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