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Displaying items by tag: MultiMillion Projects

#dublinbay - Multimillion-euro projects planned for Dún Laoghaire Harbour, reports The Irish Times, have been thrown into question, including a €5 million urban beach, a €51 million diaspora centre, and a €30 million cruise berth facility.

Dún Laoghaire-Rathdown County Council has said there is no money for many, if not all, of the plans in advance of the publication of a new economic study on the viability of the proposals.

The proposals were put forward by the Dún Laoghaire Harbour Company, which no longer operates the harbour.

The council took control of the harbour last year at the behest of Minister for Transport Shane Ross. The decision left many councillors unhappy, as the Minister did not provide funding to meet the estimated €30 million cost of carrying out structural repairs at the harbour.

In a progress report on integrating the harbour into the local authority which was presented to councillors on Monday night, council management said there was no money for many of the projects proposed for the harbour.

However, council management also said it had secured Government funding under the Urban Regeneration and Development Fund to draw up a “spatial and economic action study” which would make recommendations in relation to “potential economic opportunities for the town of Dún Laoghaire, including the harbour”.

Further reading on the story can be made by clicking here. 

 

As an island economy, a healthy maritime sector is key to our national competitiveness. Virtually all our imports and exports pass through Irish ports.

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A recent study carried out for the Irish Ports Association (IPA) totalled 75.7 billion during 2004 and their net economic impact was some 5.5 billion supporting around 57, 500 full time employees.

Liam Lacey, Director of the Marine Institute’s Irish Maritime Development Office (IMDO) said, “The Irish maritime industry can look to the future with confidence. It has shown itself to be resilient and agile in responding to challenges. Over the past decade, it has had to respond to the challenges of the financial crisis of 2008, the uncertainty surrounding Brexit and recent challenges. Ireland’s maritime sector has continued to underpin our economy by maintaining vital shipping links for both trade and tourism.”