Consortium Invests £8m in Building Improvements for Barry
Monday, 18th June 2012An £8 million investment in the infrastructure of Barry will take place over the next few years, as a result of the Waterfront consortium’s development of the area. The Waterfront scheme aims to deliver 2,000 new homes, a district featuring cafes and restaurants, a new supermarket, and a £5million road linking the town and Barry Island, creating new building services jobs and giving the town an economic boost. The consortium estimates the project will cost in the range of £230 million, but part of its agreement with the Vale Council will involve investing a further £8 million in local road improvements, a new primary school, further transport measures, and improvements to community facilities, including water sports and public open spaces. Preparatory work will begin on the Waterfront scheme in a few days. House building is set to start next spring and depending on market conditions will go on for a decade. The consortium comprises Taylor Wimpey UK Ltd, Persimmon Homes and BDW Trading and its spokesman, Richard Keogh, said: “This marks a huge step in bringing this important regeneration project to life. Ever since the scheme was granted full planning approval in March, we were keen to begin work on the development as quickly as possible. “I’m pleased to say that everything is progressing on time, and we should have a sales centre open in around 12 months’ time. With investigative works now under way, the wheels are very much in motion to begin work in earnest on site. The development has been dubbed The Quays and marks the final phase in the large-scale regeneration of the Waterfront. Mr Keogh said that the development would provide excellent facilities, create jobs and give Barry an economic boost. Up to 300 affordable homes will also be built as part of the scheme.