TRANSPORT minister Derek Twigg has approved a £700 million plan to build a new port in Essex.
The scheme is a joint venture between P&O and Shell to turn a disused oil refinery in Shell Haven into a container port.Also approved in the plans is the development of a logistics and business park on a separate part of the site.
P&O had originally signed an agreement with Shell to redevelop the site in 2000. Since the site ceased operation in 1999, Shell has embarked on a £50 million clearance of the area to make way for development.
It is estimated the port could be one of P&O's largest worldwide, creating up to 16,500 new jobs.