Tuesday, 30th June 2015
- €12.7 million for the Port of Cork from EU’s Connecting Europe Facility
- Funding to be used for phase one of Ringaskiddy Port Redevelopment Project
The Port of Cork is a crucial to our economy and this funding from Europe will ensure that it continues to serve businesses in the Cork region and support job creation for years to come. This €12.7 million will be used to part fund the first phase of the Ringaskiddy Port Redevelopment Project which was given the go-ahead by An Bord Pleanala in May.
The redevelopment of the Port of Cork will ensure that future connectivity needs are met. We need a port that facilitates business and economic expansion, the plans that are in place will deliver on this front. It will enable the Port of Cork to continue as a vital regional and national port that plays an important part in the overall European transport network.
As well as benefitting the economy the development of an expanded container terminal will also create much needed direct employment. This will create new construction jobs as this project is developed benefitting many families in Cork.
For two centuries the Port of Cork has supported our local economy and provided an economic link to the world. The future plans for the Port and this funding will help to ensure that it continues to serve our local community for many more years to come.