New £1.5bn scheme unveiled to transform Hull waterfront
Plans for an ambitious £1.5 billion project to safeguard Hull from flooding have been revealed.
The project involves the building of a relief road on the Humber Estuary. which would create a lagoon providing a new destination for "waterfront living".
The plans would generate as many as 14,000 new jobs of a new outer harbour and port facilities in the East Yorkshire city.
A study by the University of Hull has suggested that had such a lagoon been in place during the 2013 tidal surge, where hundreds of homes in the Humber region were hit by flood water, the city of Hull would have had 100% protection.
The team running the project, Lagoon Hull, are hoping to "attract existingGovernment spending commitments which would be repurposed for the project" in order to make it possible.
They said the cost of the project is estimated to be around £1.5bn, which would be met through public and private investment.