Conygar confirms phase-one approval for Fishguard Habour Marina

Shares in Conygar Investment Company rose more than 2% as joint-venture company Conygar Stena Line Ltd said its phase-one application for Fishguard Harbour Marina project was approved by Pembrokeshire County Council.

The planning committee's decision was unanimous. Consent for the first phase comprised an 8.28 hectare development platform, two breakwaters, 345 floating marina berths and a dredged marina basin.

This was the first of five phases of the development and it focuses on infrastructure. The completed Fishguard Harbour Marina project would consist of a commercial area, residential apartments and retail facilities.

Conygar Stena Line Ltd is the joint venture between Conygar Investment Company and Stena Line.

At 13:03 GMT, shares in AIM-quoted Conygar were up 2.06% to 173.5p each.