The Greater London Authority is asking developers for their ideas on how to redevelop Albert Island, the land it owns in the eastern most tip of the Royal Docks.

The authority said there is the potential to create hundreds of jobs with a boatyard for repairs and marina. There is scope for some housing but the site is directly under the London City Airport flight path with the runway only metres away.

Any successful development would be expected to improve transport links to the Gallions Reach and King George V DLR stations, provide better cycling and walking routes, and make improvements to the river frontage with an aim of integrating the site into its surrounding communities.

The deputy mayor of London for housing and land Richard Blakeway said: “The development of Albert Island with a new boatyard and marina would provide key maintenance and accommodation facilities for marine traffic, and new employment space that would help bring more skilled jobs to the area.

“It’s a unique opportunity for developers and follows recent significant progress to regenerate major sites in the area.”

The managing director of Royal Docks Management Authority Ltd Mike Luddy said: “Albert Island is the last remaining part of the jigsaw of regeneration in the Royal Docks, and it provides the last link to its history in the marine industry. We think this is a really exciting milestone.”

The mayor’s ambassador for the river Richard Tracey said: “The development of a boatyard at Albert Island would be a vital step in encouraging greater use of the Thames for industrial and transport purposes.

"Albert Island could provide the much-needed solution for boat traffic which currently has to go as far as Kent to find appropriate facilities.”

Greater London Authority principal development manager Dan Bridge: “There are so many vessels on the river now but the operators claim that they either have to use poor facilities or go for miles, either to the south coast or sometimes to Holland, to get their boats repaired.”

Albert Island is part of the Royal Albert Basin package of redevelopment opportunities around the Royal Docks.

It also includes Great Eastern Quay a comprehensive mixed use redevelopment of a riverside and dockside site that will support a new community and includes a refurbished dock edge and footbridge where work on the first phase of 819 new homes and commercial space is under way.

Go to albertisland.london for more information on the market consultation process.