Under the new plans, the quarry pond, where four people lost their lives in accidents in the last 50 years, would become a residential development of 180 houses, plus holiday lodges, and a cafe/ bistro.

Glasgow-based DDR (UK) Ltd was refused permission by councillors for a similar large-scale project in February.

In a detailed supporting statement, submitted as part of the planning application, the developer outlines its major plans for the 35-acre site.

As well as creating a new housing development, DDR said it would fill in the quarry, make significant improvements to remove dangerous rock faces, add a new road rink, and relocate the part of Fife Coastal within the site to a more coastal location.

A proposed new pier would also be positioned on the remnants of the derelict conveyor gantry which is currently unused and blocked off for safety reasons.

The developer said it would be accessible to the whole community, and could potentially be used by water taxis on the Firth of Forth.

The company said it recognised the “significant current and historical issues” to be addressed at the quarry site, but said: “This proposal offers the potential of removing a longstanding dangerous and derelict site, and will bring with it substantial economic benefit to Inverkeithing and Fife overall, whilst partially addressing the known shortfall of housing stock in Fife and specifically in the area of Inverkeithing.

“It has the opportunity to provide a truly distinctive coastal development incorporating features from the sites quarrying heritage.”