A PROPOSED housing scheme that could see more up to 1,200 homes built on an industrial waste land could generate more than 1,000 jobs.
Property agent firm Savills has revealed that outline plans for the regeneration of the former Novelis site will be submitted to Newport Council later this month.
A name for the development Jubilee Park has also emerged.
In a newsletter it says that the construction of the development alone - which could take place over the course of a decade - will generate more than 1,000 jobs in construction alone.
Developers are looking at building between 700 to 1200 homes on the site, according to Meryl Lewis of Savills which is project managing the scheme on behalf of the Walters Land (Rogerstone) Limited.
But the figure isn't finalised and is likely to be somewhere in between.
As well as housing, there are proposals for a primary school on the site, as well as a local centre that could potentially feature a convenience store, a doctors surgery and other services.
Ms Lewis said the 1,000 jobs would be generated over the course of 10 to 12 years of the clean-up of the site and building of the properties.
She said that house building could start as early as 2014, if full planning permissions are obtained.
Demolition of the site's office block is set to start in the next couple of weeks, she added.
Chris Evans, Labour councillor for Rogerstone, said: "The potential of a 1,000 jobs is absolutly wonderful.
"We are already working with relevant council officials to make sure that these jobs are made available to local people."
Walters Land (Rogerstone) Limited, part of Aberdare based Walters Group, bought the siote in March.
Noveils closed in 2009 with the loss of 440 jobs.
It supplied aluminium sheet and coils to the building, construction and engineering trades.
More than 8,000 once worked at the factory.