The concession to develop a new sports marina at Puerto Naos in Arrecife has been awarded to Puerto Calero by the Port Authority of Las Palmas.
Against the backdrop of squeezed disposable incomes in the UK the cost of package holidays in Lanzarote and other destinations looks set to rise next year.
The number of British tourists visiting Lanzarote rose by nearly 4% last month, according to the latest data just released by ISTAC, the Canarian Institute of Statistics.
Get your hands on the latest edition of Lanzarote Guidebook, the in depth island guide, which can be downloaded free of charge.
The Guardia Civil were called in to Arrecife airport on Monday to help calm passengers after they experienced a ten hour delay on their Ryanair flight to Madrid.