October 19 - The UK's Port of Liverpool is close to securing the licences it needs from the Marine Management Organisation to enable it to proceed with the construction of a GBP300 million (USD481.8 million) in-river container port to be known as Liverpoo

Due to be built by 2015, the new facility will add a further half-a-million teu containers annually to the Port of Liverpool, taking its capacity toward two million teu in all and bringing much needed jobs to the area as early as next January.

Port of Liverpool managing director Gary Hodgson commented: "Government is crying out for private business to invest in new infrastructure to kick-start the economy and boost international trade and there are few better examples in the UK than this development"