Ireland: Port of Cork Receives Funding by TEN-T
- Business & Finance
Following a successful funding procedure, the Port of Cork has been awarded funding by the Trans-European Transport Network (TEN-T). The Port of Cork, described as a future Core Network port by TEN-T, plays a key strategic role in the movement of goods to and from the UK and Continental Europe.
This funding will assist in ensuring the Port of Cork meets future connectivity needs and will support the development of the wider regional and national economy which is of key importance to Cork.
It is anticipated that in the first quarter of 2014 and following public consultation, the Port of Cork will lodge a planning application to An Bord Pleanala for the future development of port facilities in Ringaskiddy.
The proposed developments are the first phase of the Port of Cork’s Strategic Development Plan Review (2010), the core principles of which were endorsed in the National Ports Policy launched in 2013. This Policy also identified the continued commercial development of the Port of Cork Company as a key strategic objective.
Speaking about the proposed developments and the recently secured funding, Mr Denis Healy, Manager Engineering Services, Port of Cork said: “This TEN-T funding endorses the Port of Cork’s plans for future development and securing connectivity for the region. The general objective of the TEN-T is to modernise transport infrastructure and this objective sits in line with the Port of Cork’s need to improve and ensure future port facilities.”
He continued: “The funding will go towards the achievement of the required statutory consents and the preparation of designs for developments, primarily at Ringaskiddy, but also at Marino Point and Tivoli. It also opens up the opportunity for further EU supports for the implementation phase of the project under the new Connecting Europe Facility (CEF).”
The Trans-European Transport Network Executive Agency (TEN-T EA), established by the European Commission, is responsible for managing the technical and financial implementation of the Trans-European Transport Network (TEN-T) programme, one of the most important means of infrastructure funding.
Its mission is to support the European Commission and TEN-T project managers and promoters, by ensuring the technical and financial management of the projects and the successful implementation of the TEN-T Programme.
Port of Cork, January 14, 2014