By David Robinson
Over the next few weeks two decisions are expected to be made related to developments that stand to boost marina berthing capacity in Gibraltar.
The two projects involved comprise a 10-berth superyacht development plus 126 short-term rental apartments at Ocean Village marina and a decision on a preferred bidder for the Eastside reclamation area for which a marina is a key part.
A meeting of Gibraltar’s Development & Planning Commission(DPC) yesterday heard a presentation from Ocean Village marina regarding the £7-10m project to develop 10 new superyacht berths for vessels up to more than 60m (197ft) and 126 rental apartments.
The DPC ruled that it will intend to make a decision on the project at their next meeting on April 22 after. If a positive decision is taken then work will start next years and take around 14 months to complete.
Sandra Lamplough, Ocean Village’s PR told SB about the meeting: “This is just outline planning stage so we then have to work on the detail and obtain detailed planning permission. Our architects, Morgan Carn, have been working on the project to date. We have now employed a consultant, Capt Ed Geary, as a technical advisor and consultant to ensure that all the superyacht facilities meet or exceed guidelines from Pianc 134 and are in full compliance with the stringent requirements of the Gibraltar Maritime Administration.”
This stage of the project planning will also include finalising the size of superyacht that can be accommodate with the current guide size being 63m(207ft).
Ocean Village marina plans the new facilities with the aim of attracting a number of superyachts to homeport at Gibraltar. It says that the development could generate £75m in revenue when operating at only 60% capacity. The income from the 126 short-term rental apartments is intended to help fund the project as well as potentially improve the availability of such accommodation in Gibraltar.
The Eastside reclamation decision on a preferred bidder is also anticipated to be made by the DPC in the next few weeks. This is a long-standing project which has attracted submissions from both local and international developers. The inclusion of a marina, probably of around 400 berths with a number for superyachts, is an essential element of any development.
SB understands that the number of preferred bidders is down to two.