Lafarge Tarmac has agreed to sell land that once housed the UK’s largest cement plant to allow the construction of a £2bn theme park.
The 338-acre Swanscombe Peninsula site in Kent has been earmarked as the home for the proposed London Paramount Entertainment Resort after developer London Resort Holding Company agreed a deal to buy the land.
The sale follows last May’s announcement that the resort would be designated a ‘nationally significant’ project.
Lafarge Tarmac chief executive Cyrille Ragoucy said: “We take a long-term view of our landholdings from mineral extraction to development and restoration; creating jobs, supporting communities and continuing responsible environmental stewardship.
“We are proud to be part of this exciting project. This is a fitting legacy for land which has been owned by Lafarge Tarmac for over 140 years.”
The sale is expected to go through once planning permission for the scheme is granted.
The developer has already held two stages of public consultation, involving more than 4,000 local people.
Two more stages are planned ahead of a submission to the Planning Inspectorate this autumn.
LRCH executive director David Testa said: “With this agreement in place, the vision for North Kent as the home of a nationally significant, multi-billion pound entertainment resort, employing thousands of people, is moving closer to becoming a reality.
“It further underlies our commitment to delivering the project and is welcome news as we continue to consultant and engagement with the local Dartford and Gravesham communities living near the site and more widely with our interested parties.”