Displaying items by tag: NAMA site plan delay

4th October 2016

€18m Redevelopment Plan in Cork Harbour Faces Delay

The jetty alongside the former IFI plant (since dismantled) at Marino, Cork Harbour

#SiteDelay - An €18 million plan in Cork Harbour to redevelop a key industrial site writes The Irish Times, faces a delay after the joint venture backing it withdrew its notification to the State’s mergers watchdog.

Port of Cork is leading a consortium that intends to buy the 114-acre Irish Fertiliser Industries’ (IFI) facility at Marino Point, close to Cobh, from the National Asset Management Agency (Nama) to redevelop as a facility to handle oil and farming products.

The port company and its partners, which include publicly quoted Origin Enterprises, withdrew their notification of the deal to the Competition and Consumer Protection Commission (CCPC) yesterday.

The move is likely to delay plans to redevelop the site, as deals on the scale they propose must get the commission’s approval before going ahead. Any plan for the IFI site will have to be notified to the commission again before proceeding.

For more on the story and that of the CCPC click here

Published in Cork Harbour

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RC35 Class

The concept of the RC35 Class is to bring together similar boats within a close handicap banding and to work with owners and crews to develop the best racing experience possible on the Clyde and the Irish Sea area. The Class is within a tight rating band (IRC 1.015-1.040) yacht racing will be in Scotland, Ireland and Wales.

Q: What is the RC35 ‘Rule’?
A: Qualifying yachts for the RC35 Class will sit within an IRC Banding of 1.015 to 1.040. In 2017 it is proposed that a tolerance of +/- 0.05pts will be permitted

Q: Are there any other criteria?
A: RC35 takes the most prevalent IRC racing boats on the Clyde and groups them within a fixed rating band. Qualifying boats will have an LOA 32ft—38ft and displacement of between 3,000kg—9,000kg. The rule also requires boats conform to ISAF Cat.4 be anti-fouled and not dry sailed. A limit of sail purchases (2 per year) also applies.

Q: What is the RC35 Championship?
A: The RC35 Championship will cover 8 events (6 to count) and include events such as Scottish Series, Dun Laoghaire/Bangor and an RC35 Championship weekend. Each year the Class will make a commitment to one ‘away’ regatta as part of the Championship.