The multi-million pound plan to develop a new financial centre on the Waterfront in Jersey could be back on.

Despite the current economic difficulties and the long-running controversy over the idea, there are new plans to push ahead with the development of a new financial centre for St Helier.

Treasury minister Philip Ozouf has given his strongest indication yet that both he and the Waterfront Enterprise Board is keen to press on with the controversial project in a bid to construct