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Posted on: May 23, 2012 email the editors email a friend small medium large View Comments Home Topics Cruise By Donna TunneyThe Liverpool (England) City Council has agreed to pay back nearly $14 million in government grants, clearing the way to use Liverpool as a homeport.The grants had been issued by the U.K. Department of Transport to build a cruise terminal for exclusively for port calls. After the terminal was constructed, city officials said they wanted to use the facility as a homeport. That spurred a year-long debate with government officials in rival port Southampton, who cried foul about competing with a port that received a U.K. subsidy.
According to a statement from the city council, Liverpool can pay the $14 million in a lump sum or repay the funds over 15 years at a total cost of close to $20 million.
The city council predicted that Liverpool eventually would attract a 5% share of the U.K. cruise market; Southampton currently has a market share of over 65%.
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