{"id":13220,"date":"2015-06-18T09:48:11","date_gmt":"2015-06-18T09:48:11","guid":{"rendered":"http:\/\/www.propertysurveying.co.uk\/newsletter\/?page_id=13220"},"modified":"2015-09-09T13:11:42","modified_gmt":"2015-09-09T13:11:42","slug":"tidal-lagoon-development-marks-landmark-moment-for-south-wales-and-britain","status":"publish","type":"page","link":"https:\/\/www.propertysurveying.co.uk\/newsletter\/?page_id=13220","title":{"rendered":"Tidal lagoon development marks landmark moment for South Wales and Britain"},"content":{"rendered":"

The South Wales and British Construction industry is poised to play a lead role in the \u00c2\u00a31 billion pound construction project which is likely to constitute a significant boost to the South Wales economy.<\/h3>\n

The Tidal Lagoon<\/a> has just started completing its main construction and civil engineering tender stages and Laing O\u00e2\u20ac\u2122Rourke has been nominated as the preferred bidder. The project consists of a 410m turbine house and sluice structure block and the substantial stage contract is worth an estimated \u00c2\u00a3200 million.<\/p>\n

\"tidalA main contract is to be signed later this year, following the advanced works, with the China Harbour Engineering Company Ltd. The huge project took 5000 pages of application to move through the planning system, but was finally approved to proceed on June 9th<\/sup>. As the company describes:<\/p>\n

\u00e2\u20ac\u0153Wales led the way providing the fuel for the industrial revolution. We are now entering the era of the climate change revolution \u00e2\u20ac\u201c de-carbonising our world in time to avoid two degrees of global warming \u00e2\u20ac\u201c Wales can now lead this next revolution.\u00e2\u20ac\u009d<\/em><\/p>\n

The delivery of the \u00c2\u00a31 billion Swansea Bay Tidal Lagoon will kick-start a programme of Chinese investment into UK infrastructure and the pursuit of a tidal lagoon development programme that could see British expertise and technology exported to Asia.\u00c2\u00a0 Tidal Lagoon Swansea Bay Plc (TLSB) has named China Harbour Engineering Company Ltd, one of the world\u00e2\u20ac\u2122s largest specialist marine engineering contractors and investors, as its preferred bidder for a marine works package that will include the construction of the six mile lagoon wall in Swansea Bay.<\/p>\n

As well as committing to approximately 50% UK content for the delivery of the package, including labour and other inputs, CHEC has established a UK subsidiary company and has set out its vision to pursue a UK infrastructure investment programme over the next decade.\u00c2\u00a0 CHEC\u00e2\u20ac\u2122s investment strategy will include a focus on further tidal lagoon infrastructure projects in the UK.<\/p>\n

Further to the work programme on the Swansea Bay Tidal Lagoon, CHEC will sign a Memorandum of Understanding with Tidal Lagoon Power Ltd, the project\u00e2\u20ac\u2122s developers, for the development of tidal lagoons in Asia, potentially opening a major new export channel for British expertise and technology.<\/p>\n

The project will undoubtedly improve the construction market in South Wales and may well have a positive knock-on effect on property values in the South Wales area, especially around Swansea and on the Gower peninsular.<\/p>\n

—<\/p>\n

Back in June 2013, we wrote about the great underuse of Britain\u00e2\u20ac\u2122s internationally renowned tidal power<\/a>. With 8 of the world\u00e2\u20ac\u2122s top 20 sites suitable for tidal installations in the UK, it is a great surprise that the Swansea project is to be the first such installation in Britain. Better late than never, however, and we look forward to seeing the project take shape over the coming years.<\/p>\n

www.propertysurveying.co.uk<\/a><\/p>\n

LB\/SRJ \u00c2\u00a0 \u00c2\u00a0 \u00c2\u00a0 \u00c2\u00a0 \u00c2\u00a0 \u00c2\u00a0 \u00c2\u00a0 \u00c2\u00a0 \u00c2\u00a0 \u00c2\u00a0 \u00c2\u00a0 \u00c2\u00a0 \u00c2\u00a0 \u00c2\u00a0 \u00c2\u00a0 \u00c2\u00a0 \u00c2\u00a0 \u00c2\u00a0 \u00c2\u00a0 \u00c2\u00a0 \u00c2\u00a0 \u00c2\u00a0 \u00c2\u00a0 \u00c2\u00a0 \u00c2\u00a0 \u00c2\u00a0 \u00c2\u00a0 \u00c2\u00a0 \u00c2\u00a0 \u00c2\u00a0 \u00c2\u00a0 \u00c2\u00a0 \u00c2\u00a0 \u00c2\u00a0 \u00c2\u00a0 \u00c2\u00a0 \u00c2\u00a0 \u00c2\u00a0 \u00c2\u00a0 \u00c2\u00a0 \u00c2\u00a0 \u00c2\u00a0 \u00c2\u00a0 \u00c2\u00a0 \u00c2\u00a0 \u00c2\u00a0 \u00c2\u00a0 \u00c2\u00a0 \u00c2\u00a0 \u00c2\u00a0 \u00c2\u00a0 \u00c2\u00a0 \u00c2\u00a0 \u00c2\u00a0 \u00c2\u00a0 \u00c2\u00a0 \u00c2\u00a0 \u00c2\u00a0 \u00c2\u00a0 \u00c2\u00a0 \u00c2\u00a0 \u00c2\u00a0 \u00c2\u00a0 \u00c2\u00a0 \u00c2\u00a0 \u00c2\u00a0 \u00c2\u00a0 16.06.15<\/p>\n","protected":false},"excerpt":{"rendered":"

The South Wales and British Construction industry is poised to play a lead role in the \u00c2\u00a31 billion pound construction project which is likely to constitute a significant boost to the South Wales economy. The Tidal Lagoon has just started completing its main construction and civil engineering tender stages and Laing O\u00e2\u20ac\u2122Rourke has been nominated … Continue reading “Tidal lagoon development marks landmark moment for South Wales and Britain”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"open","ping_status":"open","template":"","meta":{"footnotes":""},"folder":[],"class_list":["post-13220","page","type-page","status-publish","hentry"],"yoast_head":"\nTidal lagoon development marks landmark moment for South Wales and Britain - Property Surveying NEWSLETTER<\/title>\n<meta name=\"description\" content=\"South Wales and Britain mark landmark moment with the development of a Tidal Lagoon to provide an area for tidal generators that will provide clean energy.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.propertysurveying.co.uk\/newsletter\/?page_id=13220\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Tidal lagoon development marks landmark moment for South Wales and Britain - 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