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Displaying items by tag: Non Government Funding

#PortExpansion - The Connacht Tribune writes that the Government has no intention of providing Galway Harbour with part-financing to enable expansion plans.

Shane Ross, the new Transport Minister, reiterated in Dáil Éireann that the State would not be funding the project, which is currently being assessed by An Bórd Pleanála.

“With regard to funding for ports, National Ports Policy 2013 clearly outlines that all port infrastructure development must be funded by the port companies, including Galway, on a commercial basis without recourse to the Exchequer,” said Minister Ross.

An oral hearing into the proposed €126 million development was held in January 2015.

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Published in Galway Harbour

Shannon Foynes Port Information

Shannon Foynes Port (SFPC) are investing in an unprecedented expansion at its general cargo terminal, Foynes, adding over two-thirds the size of its existing area. In the latest phase of a €64 million investment programme, SFPC is investing over €20 million in enabling works alone to convert 83 acres on the east side of the existing port into a landbank for marine-related industry, port-centric logistics and associated infrastructure. The project, which will be developed on a phased basis over the next five years, will require the biggest infrastructure works programme ever undertaken at the port, with the entire 83 acre landbank having to be raised by 4.4 metres. The programme will also require the provision of new internal roads and multiple bridge access as well as roundabout access.