THE Cabinet on Tuesday agreed the final text of the State Airports (Shannon Group) Bill, which will finally and formally establish the Shannon Group as a legal entity incorporating Shannon Airport Authority and Shannon Development.
“I am pleased to confirm that the cabinet today agreed the final text of the legislation that will give formal effect to the status of the Shannon Group,” said Deputy Kieran O’Donnell.
“Once this Bill passes through the Houses of the Oireachtas, the final piece of the jigsaw for the independent Shannon Group will be in place. This is a very significant development for Limerick and the Mid-West. I expect the legislation to be published next week and to be passed through both the Dail and Seanad before the end of July.
“At that point, full legal effect will have been given to the Shannon Group structure and its status will be beyond question. We are entering the final chapter of the single largest restructuring of the State’s assets in Shannon since the foundation of Shannon Development in 1959.