Home » Tag Archives: Minister for Transport and Tourism Paschal Donohoe

Tag Archives: Minister for Transport and Tourism Paschal Donohoe

€50m first phase investment in estuary

Shannon Foynes Port Company (SFPC), has announced a €50million capital investment programme at Foynes. Launched by Minister for Transport and Tourism, Paschal Donohoe, the programme is the first key element of Ireland’s largest bulk port company’s masterplan, Vision 2041, which is aimed at transforming the Shannon Estuary into a major national and international economic hub. It envisages the creation of up to 3,000 jobs over the next 25 years on the estuary by capitalizing on its water depths. Today’s (Monday) announcement will see SFPC commence a seven year programme in quayside infrastructure development with a €12.5million investment in infilling of 3.45 acres on the port’s East Jetty, with work beginning this month. Preliminary works for Phase II – connecting the East and West jetties – have already commenced, with the third phase, the reclamation of a further 2 hectares, to commence on the completion of phase II. All three phases will add over 35,000m2 and additional berthage when completed. The …

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