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It's a top commercial environment, offering new marina, residential and leisure developments.
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Mr Jones said the new marina would create economic growth in the area.
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A new marina is also being considered as part of the redevelopment of Redland Bay's Weinam Creek.
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The early development of the new marina and harbour showed promise: moorings for boats, new slipways and a small beach.
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Limerick's new marina was expected to grace the city's quaysides with yachts and give new life to its maritime heritage.
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A group of Waiheke Island residents are fighting plans for a new marina they say will be a "floating carpark" for rich boat owners.
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New marinas, it suggests, should be provided at Dunmore East, Waterford city and New Ross.
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Roundstone in Connemara, Galway city and Sligo are not the only west coast landfalls earmarked for new marinas.
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"There's that new marina in the narrows."
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Felipe Massa put in a stunning final lap at the new Marina Bay street circuit to claim pole position for tomorrow's inaugural Singapore night race.