Chocks away for Runway extension at Waterford Airport as private sector investment secured – Cummins
Business plan seeks matching exchequer funding towards €25+ million runway expansion plan
1st December 2023 - Senator John Cummins
Waterford Fine Gael Senator John Cummins, who is a former member of the board at Waterford Airport, has welcomed the confirmation of €12 million in private sector investment by Comer Group International in partnership with Bolster Group to develop a major runway expansion plan at Waterford Airport.
The significant development now clears the way for the business plan seeking matching funding to be submitted to the Department of Transport, which is expected to be sent early next week.
Senator Cummins said: “This is a very welcome development. I have been kept up to date on how these negotiations were advancing over the last number of months by William Bolster and Michael Walsh, and I believe huge credit must go to them, the chairman Dan Browne, the board, and management at the Airport for bringing about this very significant funding commitment by the private sector.
“The next step is to take the business case to the Department, and I expect it will be very well received by government. I have constantly liaised with the Taoiseach on this matter since I was on the board of the airport. He has been a vocal supporter of our goal to develop a runway in the South East capable of servicing the main aircrafts of choice by most major airlines, B737’s and A320’s.
“As recently as the 30th September at Fine Gael’s Small Business & Enterprise Conference held in the SETU Arena, the Taoiseach restated his commitment to the principle of 50:50 funding.
Senator Cummins added “For my part, I will continue my engagement with the Taoiseach on this critically important project for Waterford and the South East region. As was the case ahead of the 2019 cabinet decision, I will also liaise with my Fine Gael ministerial colleagues to ensure their full support should a proposal be brought to cabinet, and I am certain other Waterford Oireachtas members will do likewise with their respective parties.
“I have always believed in the ability of Waterford Airport to offer the essential direct connectivity to the region that we require to grow our business and tourism offer. The runway expansion project ticks a huge number of boxes and would undoubtedly drive the propulsive growth envisaged for Waterford in the National Planning Framework”, concluded Senator Cummins.
Senator John Cummins
WaterfordJohn was elected as a Member of Seanad Éireann in April 2022. He is the Fine Gael spokesperson on Housing,…
Related news
Fine Gael backed housing initiatives are driving higher output and home ownership across the country – Cummins
Today's publication of the Quarter 1 Housing for All report showcases significant Government achievements in driving higher housing output and…
24th April 2024Fine Gael selects Senator John Cummins as General Election candidate in Waterford
Senator John Cummins has been selected as a General Election candidate by Fine Gael for the Waterford constituency. Senator Cummins…
15th April 2024Development levy waiver must be extended to accelerate new home builds – Cummins
The temporary waiver of development levies and the refund of Uisce Éireann water and wastewater connection charges must be extended…
6th March 2024