Neville welcomes €38 million investment by Shannon Foynes Port Company

“An investment of €38 million by the Shannon Foynes Port Company (SFPC), Ireland’s largest bulk port company was announced today (Monday) by the Minister for Transport, Tourism and Sport, Paschal Donohoe TD. This injection of funding will see a major increase in SFPC trade over the coming years”, says Dan Neville, Fine Gael Party Chairperson and TD for Limerick.

“I am very pleased to have the opportunity to visit SFPC with Minister Donohoe. SFPC helps to facilitate international trade valued at over €6 billion yearly through the six port facilities on the Shannon Estuary and today we learned that work will begin in 2015 to fill in the East Jetty in Foynes. This will be a 12 month project employing up to 150 people during construction and costing €12 million.  The redevelopment of the east jetty will provide increased operational area of activity, lead to improved bulk discharge times and will also allow the use of larger cranes.

“An investment of €22m was also announced today by a private investor, CPL, in the construction of a new smokeless fuel depot and a further €4 million will be invested by a private operator, Argosea, in the construction of a 1,400sqm warehouse for the storage of animal feeds.

“The Shannon Foynes Port Company plan to double their trade over the next three decades and today’s announcements mark a major step in that direction. I am delighted to see investment of this scale, knowing the impact it will have on the Limerick West area.

“Minister Donohoe is taking the opportunity, while in Limerick West today to visit Dromkeen where €500,000 has been awarded to input traffic calming measure on the N24, together we will then visit Lough Gur Heritage Centre, before continuing to Newcastle West where €3.8 million for construction of the final phase of the N21 Killarney pole to Barnagh road.

“Later this evening I will then accompany the Minister to Adare where we will meet with Adare Community Council and Adare Business Association. Finally, tonight Minister Donohoe will attend Limerick Tourism AGM.

“I welcome the Minister to Limerick and commend him for recognising the potential of this area.”