Posted on January 14, 2025
HM Government of Gibraltar is pleased to confirm, further to the Chief Minister’s New Year Message last night, that Heads of Terms, a precursor to a final agreement, has been signed with TNG Global Foundation to create a new land reclamation area within the northern half of the inner harbour. This new area of land for development is as conceptually illustrated in the attached design.
This agreement will see an area of land of approximately 47,000 square metres (almost half the Eastside reclamation) created along the front of the westside reclamation.
This reclamation, in keeping with the original designs for Europort in the 1980’s, has been designed to preserve the area of the swimming pavilion and the existing childrens’ park will also be retained and expanded.
This land will be created at no cost to the Government, with the cost being met by TNG Global Foundation, in exchange for part of the reclamation.
The Government keeps the larger proportion of the reclamation to meet its objective of building the next programme of affordable housing estates on it.
It is expected that the project will start within the next few months subject to it having cleared the planning process by then.
Commenting on the agreement the Chief Minister, the Hon Fabian Picardo, said: “I am delighted to announce this agreement with TNG Global Foundation. It follows months of work as the Government grapples with how to meet the ever-increasing demand for housing, whilst seeking to constrain costs. The land reclamation initiative is an integral part of a long-standing process that has significantly benefited our community by providing housing for countless residents over many decades. While we recognise that this may have impacted views for some, as it has for others in the past, this iterative approach to reclamation remains critical in addressing the ever-growing housing needs of our community. We have no choice but to do this to continue to properly house our people. Gibraltar needs to continue to expand to house its own people and none of us should be selfish in this respect, as the people of, for example, Varyl Begg were not selfish when the reclamation was developed in front of them.”
