Plans for the London Resort have received a boost today with the announcement that a new investor is set to inject £25 million into the multi-billion pound project.
Keltbray, an engineering and construction firm whose previous projects include the London 2012 Olympic Park, Crossrail, and Earls Court, have confirmed that they will be contributing the new funds, as well as bringing their construction industry expertise to the project. London Resort Company Holdings, the company behind the London Resort Project set for the Swanscombe Penisula in Kent, hope that Keltbray’s involvement will prove to be the catalyst for further investment from the construction industry.
Speaking to local news outlet, Kent Online, Steve Norris, London Resort Company Holdings Chairman said:
“We are delighted to welcome Keltbray to this most exciting project.
“We have been discussing for some time the best way to harness their specialist construction industry expertise alongside their ability to act as a catalyst for further industry participation and investment.
“Over the next five years, this project will become one of the largest construction projects in the UK and their involvement takes us a significant step closer to delivering a world class resort.”
Chief executive, Humphrey Percy, added:
“We have, to date invested over £60m and are delighted to welcome our new partners to the project.
“We are very much looking forward to progressing further with the project in the next months and to submitting our planning application in 2019.”
Chief executive of Keltbray, Brendan Kerr, also commented:
“Keltbray is recognised in the industry as an enabler of projects.
“It has long prided itself on its ability to manage the most challenging of projects thanks to its investment in training, design and plant.
“At seven million square feet, this new theme park won’t be an easy project but that is why the formulation of this joint venture with LRCH is an ideal partnership.
“We’re delighted to be involved in what I’m sure will provide a significant boost to both employment and tourism in the UK.”
This latest announcement will be seen as a welcome and much needed boost to the project which has encountered a number of setbacks, including the dates of the final consultations, and the submission of the development consent order pushed back a number of times. However, earlier this year, further details for the planned entertainment resort were revealed, giving new hope that the ambitious project would still go ahead.
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