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This weekend's Tall Ships Races in Waterford could bring in up to €35 million to the local economy, according to Fáilte Ireland.
Gerry Breen of Fáilte Ireland also told The Irish Times that the event would complement the new Viking Triangle development in the city, which is hoped to be a major tourist attraction.
Des Whelan, chairman of the Waterford Tall Ships Race 2011, said the official website had registered nearly 200,000 hits, and hotels in the city are almost completely booked out.
Opening the weekend's festivties this evening are a fashion show on board the Russian sailing ship Mir, and a special concert by Roxy Music singer Bryan Ferry.
The first of three impressive fireworks displays will also light up Waterford's skies at 10.30pm tonight.

This weekend's Tall Ships Races in Waterford could bring in up to €35 million to the local economy, according to Fáilte Ireland.

Gerry Breen of Fáilte Ireland also told The Irish Times that the event would complement the new Viking Triangle development in the city, which is hoped to be a major tourist attraction.

Des Whelan, chairman of the Waterford Tall Ships Race 2011, said the official website had registered nearly 200,000 hits, and hotels in the city are almost completely booked out.

Opening the weekend's festivties this evening are a fashion show on board the Russian sailing ship Mir, and a special concert by Roxy Music singer Bryan Ferry.

The first of three impressive fireworks displays will also light up Waterford's skies at 10.30pm tonight.

Published in Tall Ships

About Foyle Port

Foyle Port, located in the North West region of Northern Ireland, is estimated to handle around 2 million tonnes of cargo per year, with a trade value of approximately £1 billion. The port plays a crucial role in facilitating the import of essential agri-products, supporting around 20,000 farms in the region, as well as various local business sectors such as fuel/oil and construction industries. The organisation supports an estimated 1000 direct and indirect jobs.

Originally located in the bustling heart of Derry City, the Commissioners relocated the port to its current deep-water location at Lisahally in 1993. The terminal boasts an impressive 440 metres of quay and can accommodate large vessels of up to 62,000 DWT. Foyle Port is primarily a bulk port and a significant importer of essential commodities such as oil, coal, animal feed, fertiliser, and plywood, all of which are vital for the North West rural region.

Since 2003, the organisation has experienced significant growth, doubling both turnover and profit and attracting approximately £100 million of inward investment to the region. This investment has supported projects, including a fertiliser plant, an oil tank farm, and a biomass power station.

Established by Act of Parliament in 1854, the Londonderry Port & Harbour Commissioners is an independent statutory authority with a duty to develop, maintain and operate to the highest standards of efficiency, financial prudence, environmental awareness, safety, and security. The Port is independent of the Government and is self-financing. All financial surpluses are reinvested in the business for the benefit of future generations of stakeholders.