New York City Unveils $3bn Waterfront Redevelopment Plan

17 March 2011 (Last Updated March 17th, 2011 18:30)

New York City administration has unveiled a $3bn plan to revitalise the city's waterfront areas. Plans include development of swathes of city for new parks, industrial activities, natural habitats, housing and waterborne transportation. The initial three-year phase of the p

New York City administration has unveiled a $3bn plan to revitalise the city’s waterfront areas.

Plans include development of swathes of city for new parks, industrial activities, natural habitats, housing and waterborne transportation.

The initial three-year phase of the plan includes construction of 14 new waterfront esplanades, new waterfront parks in all boroughs, new launch platforms for ferries and new commuter ferry service.

The second phase features a framework for the city’s 520 miles of shoreline, planned to be developed over the next ten years.