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Displaying items by tag: FDI

#ports&shipping -A majority of Irish exporters, more than 9 out of 10 trading with the UK writes The Irish Examiner need some sort of help in next months budget to cushion the effects of Brexit, according to the Irish Exporters’ Association.

Calling for “strategic” investments in infrastructure, its survey said exporters based in rural areas complained that poor quality broadband and roads were hampering their efforts to do business.

Capital investments would help both Irish-owned firms and boost levels of foreign direct investment (FDI), said the association, which also wants the Government to provide compensation for firms struggling to deal with the slump in the value of sterling since Britain voted last year to leave the EU.

FDI levels would likely also be hit by housing shortages and skills shortages, according to the survey.

For more the newspaper has a report here.

Published in Ports & Shipping

About Warrenpoint Port

The Original Port of Warrenpoint was constructed in the late 1770s and acted as a lightering port for the much larger Port of Newry.

Following the demise of Newry Port Warrenpoint Harbour Authority was created as a Trust Port by legislation in 1971. The modern Port was completed in 1974 when it covered 28 acres. Since then the port has expanded to its current size of approximately 53 Acres. The Authority has just completed a £22 Million capital infrastructure project (under the terms of a Service of General Economic Interest with the Department for Regional Development) that includes, the construction of a 300 Metres of Deep Water Quay (7.5 Metres C.D), new Ro-Ro berthing facilities, additional lands and covered storage facilities and a new 100 Tonne mobile crane.

  • Warrenpoint Port is the second largest port in Northern Ireland and the fifth-biggest on the island of Ireland.
  • Warrenpoint Harbour Authority was created as a Trust Port by legislation in 1971.
  • In 2018, the value of goods moving through Warrenpoint Port was £6.5 billion. The Port handled 3.56 million tonnes in 2017, increasing to 3.6m in 2018.
  • The port employs 70 staff directly and supports over 1,500 in the local economy.
  • In addition to serving the markets in Great Britain and the Republic of Ireland, the Port deals with imports and exports from countries and regions across the world including to Spain, Italy, Sweden, Belgium, Germany, Ukraine and the Americas.

 

At A Glance – Warrenpoint Port

  • Warrenpoint, Newry BT34 3JR, United Kingdom Phone: +44 28 4177 3381

     

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