Displaying items by tag: Valencia

15th October 2021

Valencia May Have the Edge Over Cork in Race to Host America’s Cup

Valencia is the subject of “advanced negotiations” between the America’s Cup defender Emirates Team New Zealand and the Madrid government to host the next contest for the Auld Mug, it’s being reported.

Scuttlebutt Sailing News has more on the story which suggests that a combination of existing infrastructure—in place since the Spanish port’s previous hosting of the event in 2007—and funding from government and private sources could secure ‘preferred bidder’ status.

Cork had been expected to snap up the rights last month before political wrangles dealt a blow to the campaign’s hopes.

However, with the New Zealand team’s final announcement still some weeks away, Ireland’s negotiating position remains stronger than it may realise, as international sail racing project manager Marcus Hutchinson told Afloat.ie’s Wavelengths podcast.

Published in America's Cup

Tagged under

About the Loughs Agency

The Loughs Agency is a governmental body established under the 1998 Agreement between the Government of the United Kingdom of Great Britain and Northern Ireland and the Government of Ireland. The Agency's goal is to provide sustainable social, economic, and environmental benefits by effectively conserving, managing, promoting, and developing the fisheries and marine resources of the Foyle and Carlingford areas.

The Agency's governing legislation confers several specific functions, including the promotion of development of Lough Foyle and Carlingford Lough for commercial and recreational purposes in respect of marine, fishery, and aquaculture matters. Moreover, the Agency is responsible for managing, conserving, protecting, improving, and developing the inland fisheries of the Foyle and Carlingford areas. Additionally, the Agency has the task of developing and licensing aquaculture, as well as the development of marine tourism.

The Loughs Agency reports to the North South Ministerial Council and its government Sponsor Departments, the Department of Agriculture, Environment and Rural Affairs (DAERA) in Northern Ireland, and the Department of the Environment, Climate, and Communications (DECC) in Ireland. The Departments fund the Agency on an equal basis.

The Loughs Agency's focus on sustainable development is expected to have a positive impact on the economy, environment, and local communities in the Foyle and Carlingford areas. The Agency's efforts to conserve and enhance the region's marine resources, including fisheries and aquaculture, are expected to benefit local communities, promote tourism, and contribute to economic growth.

In conclusion, the Loughs Agency plays a vital role in promoting the sustainable social, economic, and environmental development of the Foyle and Carlingford areas. Its work on marine conservation and development is crucial in ensuring the long-term viability of the region's natural resources and in promoting sustainable economic growth.