Paramount London bosses have signed a land deal to secure the purchase of the Swanscombe Peninsula.

Construction company, Lafarge Tarmac, has signed a Binding Option Agreement with London Resort Company Holdings (LRCH) to sell the 338 acres of land to host the proposed £2 billion entertainment resort.

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."

David Testa, Executive Director of LRCH said: "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.

"It further underlies our commitment to delivering the project and is welcome news as we continue to consult and engage with the local Dartford and Gravesham communities living near the site and more widely with our interested parties."

London Paramount, which looks set to include a theme park, water park sporting facilities and hotels, is planned to open at Easter 2020.