Heysham Port will benefit massively from the link road, says the boss of a leading shipping firm.
Seatruck Ferries has invested millions in expanding operations in preparation for the road.
The company, which formed in 1996, believes it will improve access to Heysham Port because transport links into the port are currently severely congested.
Alistair Eagles, managing director of Seatruck Ferries, said: “The road is fantastic news and all the businesses are delighted the Prime Minister has come to the area to rubber stamp it.
“We’ve spent £175m on ships for Heysham, thinking the road was going to be happening. The port has spent millions of pounds so these ships can berth at Heysham.
“Every single unit we ship has to be taken out of the site by a lorry driver. The ferry companies have 250,000 passengers a year going through to the Isle of Man. We’ve got customers wanting to set up and move to Morecambe. This road is vital.”
Seatruck has seen a 2.3% growth in freight volume in 2013 and Mr Eagles said his business was “turning a corner” after a recent drop from peak business in 2007.
The firm operates a fleet of 12 cargo ships on the Irish Sea and across Northern Europe. It ships freight predominantly from Heysham to the ports of Warrenpoint in Northern Ireland and Dublin, and between Dublin and Liverpool.