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Monday, March 29, 2010

Edge Lane Gateway Receives Major Boost From Government


Funding has been provided to complete a £20.4m scheme to help regenerate Liverpool by widening Edge Lane which will improve links to the city centre from the M62.

Transport secretary Andrew Adonis said: “The government is committed to investing in key transport links, particularly those which help boost economic growth. That is why we are providing funding to allow Liverpool City Council to widen Edge Lane, a key east-west highway into the city from the M62 which connects Merseyside to Cheshire and Greater Manchester. Relieving congestion at this major bottleneck will cut journey times and attract visitors and investment to Liverpool. It will also allow for improved public transport as well as improving safety for motorists, pedestrians and cyclists and unlocking the potential of key development sites in the area.”

Steve Broomhead, the NWDA's chief executive, also welcomed the investment, "It’s a major step forward; today’s announcement demonstrates a strong commitment by government to prioritise these vital transport programmes. It’s clear that economic growth relies upon having the right transport infrastructure in place; without major prioritisation, the outlook can only be for growing congestion on the region’s road networks. This announcement is not only a major step forward in helping to tackle this issue, but will also go a long way in unlocking the potential of key development sites in these areas.”

It should be remembered 82 year old property tycoon, Albert Gubay, thought to be worth £500m, recently signed a deal with Liverpool City Council which should see £200m invested in his Edge Lane site; the deal should see 600,000 sq ft of new shops, a new Victorian-style park and an extension to the Rathbone Hospital. Isle of Man based Mr Gubay’s property holdings on Edge Lane included the Ian Skelly garage and the Travellers Rest pub; he previously offered to plug a forecast £20m black hole in the council’s Capital of Culture budget in return for getting planning permission.

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