Prospects for the estimated £2 billion build are starting to gain definition after the owner of the land signed a deal to sell it to the park’s developer.

Paramount Theme Park in Kent takes shape

A Paramount Theme Park, proposed to occupy Kent’s Swanscombe Peninsula, has taken a further step towards becoming a reality.

Prospects for the estimated £2 billion build are starting to gain definition after the owner of the land signed a deal to sell it to the park’s developer.

Lafarge tarmac has signed a Binding Option agreement with London Resort Company Holdings (LRCH) that now allows the company to purchase the 388 acres and deliver the theme park.

Kent News reports that the area known as Swanscombe Peninsula was previously the largest cement works in the UK, until it closed in 1993.

“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,” said David Testa, executive director of LRCH.

“It further underlies our commitment to delivering the project and is welcome news as we continue to consult and engage with the local communities.”

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