During the visit he was given a report that sets out how 36,000 new jobs will be created when the project is completed, providing some £3.2bn (US$5.09bn) to the UK economy every year.
The 600 hectare London Gateway is a £1.5bn (US$2.4bn) project with more than 300 people currently working on site, predominately in the construction industry. With thousands of jobs expected in the coming years in the ports and logistics sector, it is the largest employment creation project in the UK today.
London Gateway will provide deep-sea port capacity for the next generation of the world’s largest cargo ships, which are up to 400 m long. Dr. Cable said the project would drive forward the international competitiveness of the UK. “The sheer size and scale of this project is staggering. London Gateway will make the UK more attractive to international businesses looking to establish themselves in Europe,” he said.
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