Early stage work complete
Dundee’s waterfront ‘ahead of schedule’
A key stage in the transformation of Dundee’s waterfront will be completed ahead of schedule and on budget, First Minister Nicola Sturgeon confirmed today on a visit to see progress first hand.
The central waterfront infrastructure plan includes the Slessor Gardens, a new road layout, access to the Tay road bridge and preparatory works for the creation of fully serviced development sites and is part of the £1 billion transformation of Dundee’s eight kilometre Waterfront Project.
The original plan was due to be completed by the end of summer 2016 but is now on track to be completed by the end of February.
The wider Dundee Waterfront project is now well past the halfway mark, with more than £600 million already invested, including £41.1 million from Scottish Enterprise. The project will create 7,000 jobs and provide a wide range of new opportunities for young people seeking training and employment.
A number of developers are believed to be looking at the next stage of the project.
The First Minister said: “The progress we have seen on this infrastructure work is a testament to good project management and support from the wider local community and businesses.
“Scotland has a proud tradition and enviable global reputation for engineering excellence, built on the skills and innovation of our people, making it an attractive location for business investment. The fact that this project is largely supported by local contractors, engineers and apprentices is something we should be proud of.
“This project itself has created hundreds of local jobs and contributes significantly to the regeneration of the city itself. I am delighted that the Scottish Government is part of transforming a post-industrial city into a centre for the creative economy with this ground-breaking development.”
Councillor Ken Guild, Dundee City Council leader, said: “We expect more private investment in the project, to the tune of £400 million over the next 10 to 15 years, as the surge in interest we are currently seeing from developers bears fruit.
“That will produce more of the jobs and prosperity we are seeking and it is pleasing to note that there have already been substantial community benefits resulting from the project.
“Our Central Waterfront is an exciting hive of activity as progress continues on a number of major projects, including V&A Dundee and the railway station.”
The £1bn project is being led by Dundee City Council, Scottish Enterprise and the Scottish Government and encompasses 240 hectares of development land.