LIMAVADY will share in the recently announced £1 billion investment plan for Northern Ireland, but it will be some time yet before any detail is announced.
GML Estates, part of the Channel Islands-based Orana Group, has earmarked seven NI communities that will together receive a major long-term economic boost. The plans could see as many as 10,000 jobs being created.
Limavady is one of the areas targ
eted in the investment but the exact nature of the proposal remain under wraps.
This week a spokesperson for GML told the Roe Valley Sentinel that there are definite plans for the Limavady area but the details are not being made public at this time.
The spokesman went on to say that an announcement on the Limavady proposals could be made within the next month.
Already in the pipeline is Opportunity Omagh, a £300 million mixed-use scheme that promises offices, healthcare, retail outlets, sports facilities, a hotel - and 2,000 jobs.
GML Estates boss John Farmer said last week: "Our investment and development programme has received enthusiastic support from our international investment partners. It will provide up to 10,000 sustainable new job opportunities over a 10-year period, which must be good news in a climate where job losses have been so bad."
He says that Limavady, Londonderry, Strabane, Omagh, Belfast, Larne and Banbridge are all in the frame for major schemes that will pay "significant community and economic dividends".
It was GML that developed the award-winning Outlet centre on the main Belfast to Dublin Road outside Banbridge in Co Down, itself a blueprint for future developments along similar lines.
The construction entrepreneur has urged planners and local communities to "seize the moment" and do their bit to bring the schemes to reality.
