Sunday, April 21, 2024

London Resort withdraws planning application, plans to resubmit; statement by CEO PY Gerbeau

London Resort CEO PY Gerbeau issued the following statement:

“In the best interests of the London Resort, we are withdrawing the current application; as a result of the classification of Tilbury as a Freeport which has meant revisions are required in moving the ferry terminal from Tilbury to Grays. We are working closely and collaborating with Thurrock Council on that matter.

“This issue, combined with the decision by Natural England to designate a brownfield contaminated site as a SSSI has impacted the project. We in turn have acquired significant land holdings as part of our mitigation strategy combined with our commitment to spend £150 million [over US$196 million] on environmental improvements on the peninsula. These changes are considered material and as such require withdrawal and resubmission.

“We have repeatedly petitioned for latitude, extensions of time and, of course, understanding from the Examining Authority and the Planning Inspectorate. Their teams have been extremely supportive, but we recognize that the best route for the project is through withdrawal and resubmission of a fresh DCO application within this calendar year.

“We will continue our engagement with the local community, statutory bodies, landowners and others to make sure we can reach as many agreements as possible before resubmission. Make no mistake we are still 100% committed to this amazing project and we will resubmit before the end of 2022 and look forward to delivering a world class entertainment resort — the UK deserves better and we will make it happen!”

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