Tuesday, 18th September 2018
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Urban regeneration fund paves way for North Quays transformation in National Development Plan

The publication of the National Development Plan last week has been welcomed by all political quarters in Waterford city and county. Minister of State, John Halligan, T.D. has said that a special €2b. fund has been created to "facilitate a transformative redevelopment of Waterford’s North Quays and other major urban regeneration projects nationally."

Capital funding of €21m. has also been earmarked for a new ward block including the new Palliative Care Centre on the grounds of University Hospital, Waterford.

A further €2.2b. has been allocated for Highe Education infrastructure in the Development Plan, which notes that the development of a multi-campus Technological Universities including he Technological University for the South-East (Waterford IT and IT Carlow), will receive support under this allocation. This does not include separate funding for a new Engineering building to be built under a Public Private Partnership at WIT.

Senator Paudie Coffey said that the announcement marked the "beginning of a new era" for Waterford City and County. He said "This plan is very different from previous development plans like the National Spatial Strategy - this plan will put the capital investment behind the national planning framework priorities and drive urban growth in cities such as Waterford, which will in turn benefit its hinterlands and the greater region and catchment surrounding it."

Deputy David Cullinane, Sinn Fein said that for far too long the southeast region has lagged behind other regions. He said: "the job creation targets set for the region must be met in full. He welcomed the commitment to fund the development of the North Quays.

Colr. John Cummins F.G. said that Waterford city and County is going to benefit from real investment and proper planning as a result of Project 2040. The Deputy Mayor said that the plan will support families and strengthen communities in Waterford.

Colr. Eddie Mulligan FF said having made two submissions on the National Planning Framwork he cautiously welcomed the Project 2040 Plan while observing that no timelines or commencement dates as yet committed. "The real litmus test is in the delivery."

Responding to the publication, Waterford Chamber President Paul Nolan commented: "Project 2040 has been years in the making and throughout this period of stakeholder consultation the Chamber proactively engaged with government". He said that John Moran, former Secretary at the Dept. of Finance and Director European Invesment Bank will lead a panel discussion organised by Waterford Chamber on Tuesday, February 27 in Garter Lane Arts Centre at 7.30 a.m. Chamber CEO Gerald Hurley said: "We are delighted John Moran has agreed to join us for this very important event, one which we feel all business people should attend. To book a free place go to http://www.waterfordchamber.ie or contact Lynda Lawton on 051-311130.

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