Lafarge Tarmac has signed an agreement with London Resort Company Holdings (LRCH) to sell land required for the delivery of the proposed London Paramount Entertainment Resort in North Kent.

The land, known as Swanscombe Peninsula, covers 388 acres and was formerly the largest cement plant in the UK, Swanscombe Works, which closed in 1993.

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The agreement will bring the proposed £2 billion entertainment resort 'London Paramount' one step closer to being completed.

Cyrille Ragoucy, Chief Executive Officer at Lafarge Tarmac 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."

(CD/IT)