NEWPORT councillors and traders have praised the plans to transform Newport’s former Passport Office into shops, restaurants and 60 apartments.

It was revealed on Monday the plans are being finalised by developer Richard Hayward Properties to develop the site of Olympia House, in Upper Dock Street.

The South Wales-based developer is due to begin clearing the site, before a planning application is expected to be submitted by the end of the year.

The news has been welcomed by the leader of Newport City Council, Councillor Bob Bright, who said this is another step in Newport’s regeneration.

Councillor Bright said: “With the city’s regeneration powering ahead, the news that another landmark but vacant building could be given a new lease of life is extremely welcome.”

It is hoped the project will chime well with the Welsh Government Vibrant and Viable Places scheme, which provided Newport City Council with £14.988 million for regeneration projects in the city centre.

The scheme sees the council work with the private and third sector to work on projects, such as the £60m plan to transform a vacant property on Cardiff Road into affordable apartments.

It is yet unknown how much the redevelopment of Olympia House will cost, although developers RHP have said it is a “substantial sum”.

Cabinet Member for Regeneration and Development, Councillor John Richards, said: “This proposed scheme complements our vibrant and viable places programme which will see key city centre properties transformed.”

Nearby Olympia House, traders have also praised the scheme, hoping the 60 new apartments could bring in increased business.

Joanna Davies, owner of Davies Florist, on Upper Dock Street, said: “Anything that brings people to Newport is a good thing."