THE on-off-on again saga of the La Bajadilla port in Marbella rumbles on.
Marbella mayor Angeles Munoz insisted that the Arab prince behind the project was ‘still committed’ to it and construction would begin next year.
She insisted the project ‘would become a reality’ after meeting with representatives of Sheik Abdullah Bin Nasser Al-Thani last week.
She confirmed that his company had now made significant steps to restart work, after it set up a ‘port management team’ and promised to pay outstanding debts.
The company’s social capital was increased to 21m euros.
It comes just weeks after the 400m euro project was in danger of being sunk after the sheik threatened to pull out after being told that regulations refused to allow him to build a hotel in the port.
But he has apparently now relented, with Munoz insisting it will allow the town to become a major cruise destination.
“This project will create jobs and restart the local economy” she went on.
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