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Last Updated: Tuesday, 6 March 2007, 13:59 GMT
City's 5.5bn waterfront unveiled
Peel Group's plans for Liverpool's waterfront
About 17,000 new jobs will be created in the city
Plans to transform Liverpool into an international-standard waterfront destination have been unveiled.

The Peel Group's proposals for a 5.5bn development of the city's waterfront will rival New York, Vancouver and Shanghai, the firm says.

The Liverpool Waters scheme will include 50 buildings, monorail, bars and restaurants on 150 acres of derelict land at the Mersey's edge.

Peel said the waterfront could "potentially be the best in the UK".

Liverpool has a beautiful shoreline, but it is not big enough, not tall enough and not great enough
Lindsey Ashworth
The Peel Group

The buildings would be powered by integral wind turbines and the scheme would incorporate marina and a cruise liner terminal.

The Peel Group claims the development will create 17,000 new full-time jobs and increase Liverpool's population by 50,000.

Its central docks plan covers an area of dockland stretching from Bath Street to Blackstone Street.

Lindsey Ashworth, development director at Peel, said: "What is essentially the front porch of Liverpool has fallen into a state of neglect and does not do the city justice.

"Liverpool has a beautiful shoreline but it is not big enough, it is not tall enough and it is not great enough.

"This is a great waterfront, there should be buildings lit up, there should be reflections on the water.

Peel Group's plans for the Liverpool waterfront
A monorail is included in the plans

"This could potentially be the best in the UK."

Peel's previous developments include Liverpool John Lennon Airport and the Trafford Centre in Manchester.

It is also planning a similar waterfront scheme on the opposite side of the River Mersey in Wirral.

Both projects total more than 10bn and will be the largest investment of this type in the North West for over a century.

An outline planning application will be submitted within the next 12 months.

The whole Liverpool and Wirral development could take up to 30 years.


VIDEO AND AUDIO NEWS
Waterfront plans announced



SEE ALSO
City waterfront's 5.5bn proposal
02 Mar 07 |  Merseyside
City museum gets 11m grant boost
25 Jan 07 |  Merseyside
Online map 'misses' regeneration
26 Nov 06 |  Merseyside
Footbridge plan for River Mersey
17 Mar 04 |  Merseyside

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