Some more information about the planned Marina (this time taken from the local paper "The Resident"). The amount of detail makes it look as though this is definately going to happen. Although the location is on the other side of Gibraltar (in the Bay of Algeciras), it's still close to the Vista Hermosa development and will undoubtablly promote further growth in the area.
"Costain Group PLC said Alcaidesa Servicios, a Spanish development company in which it holds a 50 pct interest, has been granted consent to build a yacht marina and commercial centre at La Linea de la Concepcion, next to the border with Gibraltar.
The company has been granted a 30-year concession by the Port Authority of Algeciras for a 286,000 square metre area, in which Alcaidesa will develop an 800-berth marina and 14,000 square metre retail zone, as well as a 763-space car park and 20,000 square metre yacht repair facility. The marina is within the existing sea wall of the Bay of Algeciras, close to the town centre and only a few minutes walk from Gibraltar airport.
Andrew Wyllie, Chief Executive of Costain, commented “We are delighted to have been awarded the concession, which expands our property development activities in Spain as well as our presence in the Marine sector. The marina is ideally located to meet the forecast growth in demand for yacht berths, boosted recently by the opening up of Gibraltar airport to flights from Spain and elsewhere in Europe. This is likely to increase even further once the new terminal and runway extension have been built.”
Construction is expected to start in early 2008, Costain said."