Spokesman Charlie Gordon said the river had been reborn

The study found that 3,300 homes were currently under construction, giving a total investment of �454m.

It said Glasgow City Council committed more than �155m to the regeneration of the Clyde corridor in the last year.

Private sector projects worth about �1.6bn either received planning consent or began construction work in 2004-05.

Over the last year work has begun on the Finnieston Bridge, new BBC Scotland and SMG headquarters at Pacific Quay and the second phase of a residential development at Glasgow Harbour.

We will not become complacent about our past successes Charlie Gordon

Glasgow City Council's spokesman for Clyde waterfront regeneration, Charlie Gordon, launched the project's annual report on Monday.

"The River Clyde is one of Glasgow's most enduring assets," he said.

"Through ambitious public/private partnership, the river has been reborn and continues to grow as a vibrant place to be."

Mr Gordon, who stood down as the leader of Glasgow City Council this year, said the annual report made for impressive reading.

"It shows that with each passing day, the waterfront is being transformed into a place where thousands of people want to work, live and play.

Thousands of houses are being built on the Clyde

"But we will not become complacent about our past successes.

"New challenges and issues continue to emerge and to maintain our momentum we continue to explore new options for regeneration and development along the Clyde," he said.

The report was launched on the same day as a ceremony was being held to mark the completion of two projects by the Renfrew Riverside Partnership.

It aims to regenerate the Clyde between Braehead, Renfrew Ferry and Renfrew town centre.