Construction work is set to commence on the tallest building in Wales, contractor Ardmore has announced.
The firm has revealed it is to get to work on the structure, which will house a five-star hotel, in September, the South Wales Echo has reported.
With a budget of £62 million, developers of the Wyndham hotel scheme have stated they are confident they will have the funds in place to start on the 32-storey site.
Chris Odling-Smee, the businessman who is behind the scheme, told the newspaper that it is looking in good shape, despite the current market and economy.
Although the programme is six months behind its original schedule, he stated it is due to work being taken slowly.
“We have taken our time so that when we do fire the starter’s gun we can deliver on every aspect of it,” Mr Odling-Smee added.
The announcement follows the news from Wates that it is set to take on an additional 300 members of staff this year after seeing a rise in profits during 2010.