September 26, 2020
Business News

Funding plan for Waterford’s €500m North Quays due next month: Minister

A funding package to support Waterford’s North Quays project is expected to come before the Government next month.

The reassuring news was delivered by Housing Minister Darragh O’Brien who now has some responsibility for the project, which will develop the quays and link them to the city centre.

In a letter to Waterford Senator John Cummins, Mr O’Brien said he had requested his officials and his colleague, the Minister for Public Expenditure, “to expedite the technical evaluation of the cost benefit analysis”.

Mr O’Brien said “a whole project funding support package is likely to be put before Government for consideration and approval in September”.

The minister and the senator had a meeting in addition to a separate meeting with other local politicians. That meeting was attended by junior minister Mary Butler (FF), Green TD Marc Ó  Cathasaigh, Independent TD Matt Shanahan and Senator Cummins.

“I felt it was extremely important to organise this meeting in the context of the July Stimulus which was announced by the Government,” said Ms Butler.

“There was disappointment expressed in some quarters that the North Quays was not specifically cited as part of the Government’s announcement but the stimulus is targeted at injecting cash into businesses and SMEs, not only to protect existing jobs, but to also ensure that we can create jobs and bring more people back to work in the coming months.

“The North Quays comes under the Urban Regeneration and Development Fund and in recognition of the importance of this project an initial URDF allocation of €6m has been provided with an additional €30m in URDF support already ring-fenced.”

Senator Cummins said there was an acknowledgement by the minister that all four elements of the project – the Integrated Transport Hub, the sustainable transport corridor, the city centre access roads and the related service initiatives for Ferrybank and  Belview – are integral parts of the project and were now being considered as a whole package of infrastructure.

“We felt this removed any previous uncertainty around the funding for the transport hub, which has been a stumbling block to date,” said Mr Cummins.

 

Shane Doran

Shane Doran is founder and Co-Managing Editor of News Now Media, incorporating KilkennyNow.ie, WaterfordNow.ie and WicklowNow.ie. He is a former newspaper editor who has held senior executive roles across five national newspaper titles, both broadsheet and tabloid. He was News Editor and Executive Editor of the Irish Independent for more than seven years and spent a number of years in South Africa where he worked as editor of The Daily Voice newspaper. Shane has held senior editorial position with The Sunday Independent, The Herald and The Irish Daily Star and has served as Executive Editor (Group) of Independent News & Media (INM), Ireland’s largest newspaper group.

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