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Displaying items by tag: expenditure

Executives at Dublin Port Company have agreed to appear before an Oireachtas committee to answer questions about expenditure on company credit cards and hospitality at the State-owned company.

According to The Irish Times, on Friday the Oireachtas committee on transport, tourism and sport invited executives at the country’s busiest port to discuss a number of issues, including the recent revelations around expenditure.

It emerged just over a week ago that the port managers at the company spent more than €500,000 last year on flights, restaurants and entertainment on 22 credit cards. The expenditure included almost €95,000 on the credit card of the port company’s chief executive, Eamonn O’Reilly.

The board of the port company has asked accountants Mazars to carry out an external review of credit-card expenditure and hospitality to confirm that it is “both appropriate and properly authorised”.

Click this link for more on the controversy. Click this link to read the statement by Dublin Port on the matter.

Published in Dublin Port

#BUDGET - Coastguard and lifeboat services, mountain rescue and the Commissioners of Irish Lights will not face any further funding cuts in the latest Budget, according to the Minister for Transport.

The Irish Times reports that, following the reduction of his department's budget, Minister Leo Varakdar stated that substantial cuts have already occurred in the maritime safety sector.

Moreover, he announced an increase in the maritime budget from €70.5 million to €80.3 million, due to provisions for the new Irish Coast Guard helicopter contract.

Earlier this week, Minister for Agriculture, Food and the Marine, Simon Coveney, underlined the importance of the marine sector to Ireland's coastal communities.

As previously reported on Afloat.ie, Minister Coveney announced a round of expenditure estimates on Monday which include increased funding for investment in processing, aquaculture and fishery harbours.

Published in Budget

Dublin Port Information

Dublin Port Company is currently investing about €277 million on its Alexandra Basin Redevelopment (ABR), which is due to be complete by 2021. The redevelopment will improve the port's capacity for large ships by deepening and lengthening 3km of its 7km of berths. The ABR is part of a €1bn capital programme up to 2028, which will also include initial work on the Dublin Port’s MP2 Project - a major capital development project proposal for works within the existing port lands in the northeastern part of the port.

Dublin Port has also recently secured planning approval for the development of the next phase of its inland port near Dublin Airport. The latest stage of the inland port will include a site with capacity to store more than 2,000 shipping containers and infrastructure such as an ESB substation, an office building and gantry crane.

Dublin Port Company recently submitted a planning application for a €320 million project that aims to provide significant additional capacity at the facility within the port in order to cope with increases in trade up to 2040. The scheme will see a new roll-on/roll-off jetty built to handle ferries of up to 240 metres in length, as well as the redevelopment of an oil berth into a deep-water container berth.

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