Chancellor backs Lower Thames Crossing

The recent backing by the Chancellor of the construction of the Lower Thames Crossing represents a significant economic impact for our count. Moreover, it validates the years of campaigning and lobbying undertaken by the Chamber in partnership with other stakeholders.

This £9 billion project aims to build a 14.3-mile motorway-style tunnel under the River Thames, connecting the A2 and M2 in Kent with the A13 and M25 in Essex. The primary goal is to alleviate severe congestion on the Dartford Crossing, which currently handles a substantial portion of traffic between Kent and Essex.

The economic benefits of the Lower Thames Crossing are substantial. It is expected to inject around £40 billion into the UK economy by improving connectivity at key ports like Dover, Felixstowe, and Harwich. This will facilitate smoother transportation of goods, reducing delays and boosting productivity. The project is also anticipated to create numerous jobs during the construction phase and beyond, as improved infrastructure attracts more businesses and investment to the region.

Moreover, the project is expected to have a significant positive impact on local skills and employment. During construction, thousands of jobs will be created, including opportunities for apprenticeships and training programs that will enhance the skillsets of the local workforce. Once completed, the improved transport links are likely to attract new businesses and industries to the region, fostering long-term employment growth and economic stability for the local community.

The new crossing will also help reduce journey times by up to 46%, providing a significant boost to both local and national economies. By redirecting traffic away from the heavily congested Dartford Crossing, the Lower Thames Crossing will enhance the efficiency of freight transportation, which is crucial for UK exports.

Overall, the Lower Thames Crossing represents a major investment in the UK’s transport infrastructure, promising long-term economic growth, improved connectivity, and a boost to local skills and job opportunities for Kent and Essex. Your Chamber is already in conversation with the primary contractors to maximise the opportunities for Kent businsses.