A PRIVATE housing owners' funding offer of over £2m towards the creation of a new quay wall has been accepted by the city council.

Glasgow's local authority has agreed in principle to the contribution from Speirs Gumley, which manages the Waterfront Development at Windmillcroft Quay on behalf of its co-owners.

The overall project, which is expected to involve building a new wall out on the riverbed, is estimated to cost between £15m and £18m.

Windmillcroft Quay, along the south bank of the Clyde, near the Barclays site, is occupied by the 278-home development.

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In 2014, the quay wall was found to be in need of urgent repair and the public path was closed between Tradeston and Springfield Quay. Work was carried out in 2016 to stabilise a section of the wall.

At a meeting in March, the Waterfront Development agreed to offer a contribution of £1.39m. A further offer of £750,000 is subject to negotiations between Speirs Gumley and a third party.

The rest of the funding will come from the Glasgow City Region City Deal, a £1bn investment from the UK and Scottish Governments.

Council leader Susan Aitken said: "Repairing the Windmillcroft Quay wall will not only benefit everyone who lives, works and visits there, but the entire city.

"We’re going to create new, high-quality public space on the waterfront and better connectivity that will complement the huge amount of development activity taking place on along the Clyde."

Around £50million of the £113.9million funding for the City Deal: Clyde Waterfront and West End Innovation Quarter project, which aims to regenerate the river corridor as a desirable urban quarter that attracts jobs and investment, has been allocated to improving some of the quay walls in the area.

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It is hoped the work will unlock the area's potential, enhance connectivity and improve the quality of the waterfront.

The project is due to start with detailed design development in June 2020, with a site start expected in January 2022.

Councillors have only approved in principle at the moment as further negotiations may be necessary to address technical, legal and financial issues related to the project.