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Displaying items by tag: European Investment Bank

1st March 2016

€30m for Cork's Big Port Expansion

Port of Cork, expansion at Ringaskiddy Deepwater Port

#Expansion - The Port of Cork is set to gain €30m from the European Investment Bank (EIB) to development the country's biggest natural harbour.

The project, with the Port of Cork as borrower, is currently going through an appraisal process with funding expected to be formally signed off later this year.

It will support an expansion of the Port of Cork's deep-water port in Ringaskiddy, which is expected to cost €88m in total. "The EIB expects to support the project later this year and this follows a €100m loan to the Port of Dublin agreed last December," a spokesman for the European Union's bank said.

For more see yesterday's Irish Independent here.

Published in Port of Cork

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William M Nixon has been writing about sailing in Ireland and internationally for many years, with his work appearing in leading sailing publications on both sides of the Atlantic. He has been a regular sailing columnist for four decades with national newspapers in Dublin, and has had several sailing books published in Ireland, the UK, and the US. An active sailor, he has owned a number of boats ranging from a Mirror dinghy to a Contessa 35 cruiser-racer, and has been directly involved in building and campaigning two offshore racers. His cruising experience ranges from Iceland to Spain as well as the Caribbean and the Mediterranean, and he has raced three times in both the Fastnet and Round Ireland Races, in addition to sailing on two round Ireland records. A member for ten years of the Council of the Irish Yachting Association (now the Irish Sailing Association), he has been writing for, and at times editing, Ireland's national sailing magazine since its earliest version more than forty years ago