bluewatergibraltarA NEW £1.1 billion marina complex is set to be constructed on the Rock’s currently undeveloped Eastern side.

Blue Water Gibraltar will be built on reclaimed land alongside Catalan Bay and will have moorings for super yachts.

There will also be a series of shops and restaurants as well as 1,000 affordable homes.

A five-star hotel will also be constructed, along with a new promenade linking Eastern beach to Catalan Bay. The development is expected to take five years.

The government has awarded the project to firm Developers Camoren Holdings, which is being financed by various external investors.

Chief Minister Fabian Picardo said: “This is a hugely important day for the whole of Gibraltar. These outside investors are demonstrating huge confidence in our economy and our stewardship of it.”

Tom Powell

About Tom Powell

DO YOU HAVE NEWS FOR US at Spain’s most popular English newspaper - the Olive Press? Contact us now via email: [email protected] or call 951 273 575. To contact the newsdesk out of regular office hours please call +34 665 798 618.

This site uses Akismet to reduce spam. Learn how your comment data is processed.