#DLHarbour - Dun Laoghaire-Rathdown County Council will recommend the dissolution of Dun Laoghaire Harbour Company and the transfer of its assets to the local authority at a meeting next week, The Irish Times reports.
Following months of slow progress, DLRCoCo chief executive Philomela Poole will tell councillors on Tuesday 6 March that the second of two options as outlined in the Harbours Act 2015 is best to help secure Dun Laoghaire’s future — a move that is being hailed by local campaigners Save Our Seafront.
In an information pack distributed to DLRCoCo members in advance of next week’s meeting, as seen by Afloat.ie, Poole states: “It has become increasingly clear over the past decade that the long-term future of Dun Laoghaire Harbour Company will be in terms of marine leisure, maritime tourism, cultural amenity and urban redevelopment … Therefore it is appropriate that the plans be developed under the aegis of and in co-operation with Dún Laoghaire-Rathdown County Council.”
Under the Harbours Act 2015, the Minister for Transport may choose between two options for the future governance of Dun Laoghaire Harbour: the transfer of shareholding of the harbour company to DLRCoCo, or the dissolution of the company and transfers of its assets, liabilities and staff to the local authority.
A risk assessment undertaken by consultants The Finance Expert concluded that the financial risks to the council “would be common to both options” but of the two, the second gives “a lower operational risk and more direct control of the harbour’s activities.”
The risk assessment, based on accounts ending 31 December 2016, projects the net financial risk for the period 2018-2022 as €33.5 million — the bulk of this to bring the harbour up to ‘taking-in-charge’ standard.
However, Afloat.ie understands that a figure in excess of €150 million over 10 years for harbour infrastructure alone has been mooted — while another source estimates conservation and repair at some €250,000 per annum.
In addition, the risk assessment did not examine or evaluate “potential legal costs associated with resolving the ownership of the foreshore at St Michael’s Pier.”
The Irish Times has more on the story HERE.