The Island’s first marina for mega-yachts is to be built at Dockyard, Government announced this evening.

Cross Island Marina will be built under a private-public partnership between the West End Development Company (Wedco) and South Basin Development Ltd.

A Ministry of Works and Engineering spokesperson said the development company was formed specifically for this project.

“The multi-phased Cross Island Marina project will offer approximately 200 slips, along with support and club facilities. It will include a mix of slip sizes —100 to 250 feet and possibly in excess of 300 feet long — to accommodate both mega-yachts and those smaller in size. The marina will offer exceptional services for yacht owners, captains, crews and their vessels and it is anticipated that a large number of local yacht owners will take advantage of the new facility.

“The principals of South Basin Development Ltd. have indicated that they have the financing in place that will enable them to proceed with this exciting new venture immediately,” the spokesperson stated. “Wedco has entered into a strategic partnership with South Basin Development Ltd. in order to make this important new project a reality. The development of Cross Island Marina will be a major step in the continuation of the redevelopment of the area where the former Royal Navy Dockyard was located.”

Plans for the marina will be announced tomorrow by Works and Engineering Minister Derrick Burgess and Wedco chairman Walter Lister International Boat Show in Fort Lauderdale.

For the full story see tomorrow’s Royal Gazette.