#CoastalNotes- A multi-million pound marina development planned for Fishguard Harbour, south Wales have fallen through.

This morning (Thursday) reports the Western Telegraph, the Conygar Investment Company released a statement to the London Stock Exchange, writing off their £2m investment in the Fishguard / Goodwick Marina Development.

Conygar said: "Conygar has been informed by Stena that they do not wish to have any further involvement in the proposed marina development and do not wish to proceed with the reclamation works of the harbour.

"Stena state that they are concerned that the marina development will interfere with the operation of the harbour and their ferry operations. They will also not support the promotion of the Harbour Revision Order, which is necessary to progress the development.

For much more on the decision by the ferry operator, click here.