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Port Of Cork Secures Marino Point Site In Landmark Deal

4th August 2017
Port Of Cork Secures Marino Point Site In Landmark Deal

#PortOfCork - The Port of Cork has secured the former Irish Fertiliser Industries Plant at Cobh in a public-private partnership deal that will see a significant expansion of its cargo handling facilities.

According to the Irish Examiner, the circa €6 million deal with Wexford-based Lanber Holdings gives the port a 40% stake in the site of the Marino Point plant, which closed in 2002 with the loss of 220 jobs.

Port of Cork chief executive Brendan Keating said the partnership will “explore every business opportunity for the site”.

He added: “We will focus initially on cargo handling and new trading opportunities, such as fertiliser and animal feed importation.”

The news follows the announcement of a new project to ship more than €300 million worth of natural gas from Texas to Cork, as reported yesterday on Afloat.ie.

It also comes as stakeholders in Cork Harbour propose moving the long-mooted International Shipping Services Centre to Leeside, and alongside plans for an improved cruise liner terminal on Cobh.

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