Waterford Chamber CEO Gerald Hurley has welcomed the funding for the North Quays project saying it is “a great day for Waterford”.
Following the announcement by Minister for Housing, Local Government and Heritage, Darragh O’Brien TD of the approval of €80.6m in Urban Regeneration and Development Fund (URDF), along with an additional with €30 from the Department of Transport, through the National Transport Authority, Gerald said: “€110.6m will go a long way towards the regeneration project that will be a game changer for Waterford and the South East.
“This is a prime piece of real estate, one of the best in Ireland if not in Europe and we have just been handed the key to unlock its potential. For years, the one stumbling block has been the infrastructure required to enable the development of the site. This funding will now resolve that issue and the potential it brings is limitless.
“It will re-enforce Waterford’s position as the Capital of the South East. This is the largest commercial development in Waterford and currently the largest urban regeneration project in the country and the impact it will have on our economy is a very positive step forward for future growth, in line with Project Ireland 2040.
“At this point we must acknowledge the hard work of all stakeholders involved in getting this funding over the line, namely Waterford City & County Council and Falcon Malls Real Estate and we are proud to have played our part in actively lobbying on the issue over the past number of years.
“This week also brought the announcement of Greenway funding to extend to New Ross which is fantastic and will see it run through the heart of the North Quays.
“In the midst of this pandemic, these are bright days. Let us be positive, work together and grasp this opportunity with both hands. Government have delivered, now it’s our time”, Gerald concluded.