The unveiling of the Merseyrail redevelopment could not have come at a more opportune time. Both Liverpool and Wirral are amid grand regenerative projects that are ensuring both the present and future of the two regions.
Liverpool is forging ahead with its incredible and ambitious Liverpool Waters scheme; one of the most expansive and forward-thinking regeneration projects in the history of the UK. With £5.6bn of investment and building taking place across two million square metres of land on Liverpool’s historic docklands, it is the regeneration scheme that will take Liverpool back to where it belongs regarding its worldwide reputation and prominence.
A total of 37,000 jobs will be created to service the 315,000 square metres (SQM) of office space, 9,000 apartments in a 44-storey residential skyscraper, and a total of 99,000 SQM of hotels, bars, restaurants and retail space.
Across the River Mersey lies the sprawling Wirral Waters development. Similar in size and scope to Liverpool Waters, the Wirral Waters scheme is ploughing £4.5bn of regeneration and investment into 18 million square feet. The regeneration will see the development of 13,000 new homes, 20,000 new jobs and 20 million square of mixed-use floor space. Included in that is the £1bn redevelopment of Birkenhead town centre, which will see its famous market redeveloped alongside the creation of a new creative quarter in Hamilton Square, and the development of Conway Park Commercial Quarter.
The new Merseyrail development will foster and maintain the vital transport links in and around Liverpool and Wirral. Faster and more efficient rail travel will increase the region’s economy regarding productivity and population. More rapid movement of people via increased capacity raises commuter and pedestrian traffic immensely. More significant numbers of people will go to and from these newly-regenerated areas to live, work and shop. The knock-on effects can only be positive. The growth of the local economies serviced and the money generated will attract further investment and residents to the redeveloped and bustling areas.
Written By Joseph Viney | 20th August 2018