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Balaena Propco Limited awarded new 35-year lease for the dockyard

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Описание к видео Balaena Propco Limited awarded new 35-year lease for the dockyard

The Government has awarded a new 35-year lease for the dockyard to Balaena Propco Limited, which has today announced its acquisition of Gibdock.

The Balaena Group is an offshore utilities business based out of the UK, whose beneficial owner is British entrepreneur Simon Gillet.

Under the new lease, noisy works will not be permitted outside the hours of 8am to 8pm, and there is also a commitment towards the highest environmental standards.

The Government intends to begin work immediately on the feasibility of constructing an access lane through the shipyard, connecting Queensway with Rosia Road.

The Lease and Lease Commercial Agreement were laid down in Parliament today by the Chief Minister.

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