Two Government housing scheme contracts have been awarded to GJBS and Casais (Gibraltar) Ltd, following the tender award procedure for the Aerial Farm site and the Coach Park Site. The tender sum awarded to GJBS was £76,098,315.31 for the construction of 564 flats, including 38 one bedroom flats, 166 two bedroom flats, 321 three bedroom flats and 39 four bedroom flats. Piling work on this project has already started.

The Coach park site tender was awarded to Casais in the sum of £39,803,969.50. This project is for 380 flats in six blocks. There will be a total of 65 one-bedroom flats, 143 two bedroom flats, 152 three bedroom flats and 20 four bedroom flats. The 65 one-bedroom flats, which constitute one complete block, are being provided for the elderly.

The coach park will be moved to the site of the former naval grounds in order to make way for this housing project.

The government today announced a separate manifesto commitment to provide 300 parking spaces for users of Eastern Beach. The intention is that these will be accommodated in a multi-storey car park on the site of the existing beach car park. The initial indications are that this car park will provide approximately 440 spaces. This number of parking spaces is over and above those required for the housing project. The parking spaces for the housing scheme will be separately located below the podium level of the residential building itself.