In December, the city council announced it was handing the operation of Liverpool's cruise terminal over to the private sector. With financial strain engulfing the local authority, they decided its time in charge of the £20m dock and associated infrastructure was to come to an end.
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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.