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WQ.191/2025
WRITTEN QUESTION TO THE MINISTER FOR INFRASTRUCTURE BY DEPUTY D.J. WARR OF ST. HELIER SOUTH
QUESTION SUBMITTED ON MONDAY 28th APRIL 2025 ANSWER TO BE TABLED ON TUESDAY 6th MAY 2025
Question
"Further to his statement in May 2024, in which the Minister stated that development plans for Fort Regent were expected to cost in excess of £80 million, will the Minister explain the uplift in expected cost to £110 million (included in the recently published proposals) and will he also confirm the proposed source of funding for this project?"
Answer
At a quarterly public hearing on 8th May 2024, I said that the plans for Fort Regent "are going to require in excess of £80 million worth of investment." The £110 million cost associated with the plans published in April 2025 is entirely consistent with that statement.
As Members would expect, the anticipated costs were further refined between May 2024 and April 2025, and include proposals to relocate the cinema from the Waterfront, and the provision of a cable car link from town. The final cost for the redevelopment of Fort Regent will depend on the outcome of the public consultation and the confirmed plans that result.
As has been explained in Scrutiny and States Members briefings, and at a public meeting on 22nd April, the feasibility costs for this project are being met by profits from the College Gardens development. Financing for the project will come from Fort Regent revenues, borrowing, existing capital budget contributions, and additional Government contributions delivered through efficiencies and budget surpluses where available. Details in these respects are under development.