"Adams welcomes major multi-million pound investment for west Belfast"
West Belfast MP Gerry Adams has welcomed proposals for a multi-million pound investment in Castle Street and King Street.
The proposal is to build a new landmark four star hotel with the aim of creating hundreds of jobs.
This development will regenerate the city centre part of west Belfast. The west Belfast MP described it as “a unique and important proposal which will have significant implications for the economy of west Belfast.”
Sinn Fein representatives have met the project manager and developers on a number of occasions to discuss the proposal.
Mr. Adams said:
“The construction of a world class hotel at the junction of Castle Street and King Street has enormous positive implications for west Belfast.
Sinn Féin has been campaigning over many years for greater investment in the area around Castle Street, King Street and Bank Square.
The regeneration of this area was first proposed in the West Belfast Task Force as a vital part of the economic transformation of the whole constituency.
Only a decade ago, Castle Street was still sealed off with a steel security gate between west Belfast and the rest of the city. Today, an investment of this magnitude on the western edge of the city centre presents an opportunity to create a landmark building in the gateway to Belfast's Gaeltacht Quarter.
Sinn Féin will continue our engagement with all local business and community leaders in the area of Castle St and King St.
The transformation of West Belfast first outlined in the Task Force report remains our economic objective."
· the proposal involves a 50million pound investment;
· it is expected that 300 full-time and part-time jobs would be created in the final project;
· in the two year timetable to complete the building project, there are expected to be up to 200 people employed;