The Welsh Assembly is to pay for early development work to kick-start plans for a long-awaited £1.2bn, two square miles urban village on the site of a former oil refinery.
Welsh economic development minister Andrew Davies officially launched the masterplan today for the Llandarcy scheme near Swansea – almost three years after proposals were first published.
He said the Welsh Assembly would provide £775,000 towards early development work.
Davies said that over the next 20 to 25 years the Llandarcy Urban Village would create space for:
- more than 2,500 homes
- 861,141 sq ft (80,000 sq m) of commercial
- private sector investment of £450m
Davies claimed: “Llandarcy Urban Village will set a benchmark for best practice in creating new and revitalised neighbourhoods, and will drive up aspirations for development and regeneration throughout Wales and beyond.
“It will transform a brownfield site, and create new and vibrant mixed-use landscapes for an old industrial area.”
Partners in the project are BP, Neath Port Talbot council, The Prince’s Foundation and the Welsh Development Agency.
EGi News 10/01/03
