GSD welcome news of the signing ‘Blue Water’ Eastside project

GSD welcome news of the signing ‘Blue Water’ Eastside project

The GSD Opposition has welcomed the news of the imminent signing of “Blue Water” Eastside Project. On Direct Democracy last week, Chief Minister Fabian Picardo, said he was confident the contract for the project would be finalised and the £83 million premium would be paid.

Roy Clinton with shadow responsibility for public finance said that in a world economic environment where UK Chancellor has described in his Budget speech as materially weaker and facing a dangerous cocktail of risks, the signing of the ‘Blue Water’ deal, was to be commended when finalised. But he hoped that the protracted and sensitive negotiations Chief Minister has personally been leading with the developer over the last eight months has “not resulted in the watering down in any aspects of the deal announced in June 2015 including the 1,000 affordable homes on the Government co-ownership scheme, Bob Peliza Mews and Hassan Centenary Terraces”.

“The work on preparing the plot was anticipated to have begun in earnest before the end of 2015. This £1.1 billion project and others were highlighted in the Chief Minister’s 2015 Budget speech and naturally I will continue to press the Chief Minister as to progress on this and other projects of national interest despite the Chief Minister being more forthcoming with GBC than Parliament on ‘how sensitive and important negotiations for the sale of land are going’,” he added.

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