"The area will also benefit from an improved reputation which can lead to other investment opportunities."
A team of German engineers which installed the figures in Belgium and Germany are carrying out the work in Crosby.
Hauke Harms, one of the men with Harms Brunnenbau, said the project had brought him to work in England for the first time and was a welcome break from more often working on offshore wind farms and structures.
He said: "This is the third time we've done it. The beach every time is different but so far it's more windy and cold than the other places.
"I'm pleased to be invited to do it again - we have good contact with Antony Gormley and the team here are well prepared."
The artwork has been brought to the area by South Sefton Development Trust, a new organisation set up by South Sefton Partnership, which is supported by Mersey Waterfront, Northwest Regional Development Agency, Merseyside Docks and Harbour Company and the Arts Council.
Safety measures include setting up a restricted area for ships and signs for visitors warning them of soft sands and reminding people it is a non-bathing beach.
Another Place will be formally launched on July 1 and will remain on Crosby beach till November 2006 when the sculpture is expected to move to New York.
* What do YOU think of the statues?
Write to us: Letters, Crosby Herald, 43-47 Liverpool Road, Crosby, Liverpool, L23 5SD or e-mail newsdesk@crosbyherald.co.uk
Send us your photos of the statues and we'll publish a selection over the next few weeks. Either post them to us or e-mail large 'jpg' attachments to the above email address.