A proposed multi-million dollar redevelopment by one of WA's wealthiest mining families could see Fremantle's iconic fishing harbour undergo a significant face-lift.

The Bennett family's investment arm, AMB Capital, announced this week the start of the public consultation phase of the Harbour Connect project, a multi-million dollar upgrade to transform Fremantle Boat Lifters into a tourist destination.

AMB plans to transform Fremantle Boat Lifters into a tourist destination, restoring waterfront access from the Esplanade. Credit:AMB Capital

The site, wedged between Little Creatures and Sardine Wharf on Mews Road, is currently used as a boat lifting and storage facility and is not accessible to the public.

Located on Crown Land, AMB's subsidiary Blue HQ has held a long-term lease over the site since 2015, when they purchased Fremantle Boat Lifters from MG Kailis Group for an undisclosed sum in a bid to diversify their assets.