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Mersey Docks And Harbour Board

Volume 809: debated on Thursday 21 January 1971

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asked the Secretary of State for the Environment (1) in respect of what projects he is committed to provide loans or grants to the Mersey Docks and Harbour Board, and to what values;(2) what loans have been made to the Mersey Dock and Harbour Board; on what terms and for what purposes; and how much has been repaid;

(3) what grants have been made to the Mersey Docks and Harbour Board under the Harbours Act; and for what purposes.

The following loans and grants have been made:

ProjectLoans000)Grants000)
Seaforth14,2922,283
Car Ferry Terminal (British and Irish Line)377
Gladstone Container Berth1,129131
Vittoria Peninsula Dock1,531229
Tranmere Oil Stage39383
Channel Deepening55998
Other expenditure59934
18,0003,765
The above loans have been made available as work has been completed and are repayable over periods ranging from 10 to 40 years. No repayments have yet fallen due. The rates of interest vary between 7½ per cent. and 10 per cent.Major projects on which work is still outstanding, and their estimated total costs, including work already done, are as follows:

Seaforthabout £40 million
Car Ferry Terminal£2·1 million
I have indicated to the Board that, provided the immediate viability of the port is assured and that necessary remedial measures are taken, Government funds will continue to be made aavilable for the Seaforth Scheme and for other approved capital works. For the purposes of these arrangements, authorisations for individual items of work and for instalments of Government grant or loan are being dealt with from time to time as necessary.