MINI MONACO

£90mn handed over for Eastside Project that will ‘rival Puerto Banus’

THE latest developer of the Eastside Project has made the first £90 million cash payment in a deal that will provide £330 million in value for the Gibraltar Government. The government chose TNG Global Foundation as the highest bidder for the Eastside Reclamation in 2021 and has been in talks with the de-

By John Culatto

veloper ever since.

Minister for Economic Development Sir Joe Bossano said the investment will give a £2.5 billion injection to the economy over 10 years.

The government says it has been in ‘very positive’ talks