Chamber News

Waterford Chamber welcomes funding for Waterford Airport

Waterford AirportWaterford Chamber CEO Gerald Hurley has welcomed the announcement of €5 million in funding for the lengthening and widening of Waterford Airport’s runway, saying it is “a great day for Waterford and the wider region”.

“Waterford Chamber has long championed the development of Waterford Airport on behalf of our members and to see it finally come to fruition gives great hope for the future development of Waterford and the wider region.

“It is also encouraging to see the collaboration between public and private enterprises to ensure a timely delivery, which is a first in regional aviation in Ireland. We have worked closely with Conor McCarthy of Leadcom Ltd through our Regional Leaders Programme and his successes speak for themselves. With him at the helm, along with the experience of Noel Frisby of Frisby Construction, and the influence of our leading industries like Dawn Meats, EirGen Pharma, Red Hat and all those we have engaged with to lobby for the Airport, it will certainly contribute significantly to the economic life of the region.

“At a recent meeting with An Taoiseach, we detailed the urgency in securing funding for Waterford Airport, stating Waterford has some of the top companies in the world but accessibility is a major issue for international executives. We also reiterated that there were private investors waiting to move on developing the airport and that the funding from Government is the final piece of the puzzle, to which the Taoiseach responded: “If private investors and County Councils are willing to risk their money, the government will not be found wanting”.

“The work/life balance on offer in Waterford is our strongest selling point and now with accessibility and a strong focus on the tourism sector, the Airport is an integral cog in the wheel of promoting Waterford as a great destination to live, work, invest in and do business.”

The investment will secure the future of Waterford Airport and allow it to compete for international carriers using jet engine aircraft. The runway, when extended from its existing length of 1,433 metres to 2,280 metres, will be able to accommodate large commercial passenger aircraft such as Boeing 737s and Airbus 320s.

The remaining €7 million euro for the project will be met by regional private investment and local authorities in Waterford, Kilkenny and Wexford, who have committed funding of €5 million and €2 million respectively in return for an equity shareholding in Waterford Airport, subject to the approval of the existing shareholders at their upcoming EGM.

 

What We Do For Our Members

 

networking

 

 

business services

 

 

events

 

 

promotion

 

 

graph

 

 

influence

 

 

 

What Our Members Say

"Waterford is a very attractive location for Foreign Direct Investment as it is a dynamic city which is very much open for business – the city has a proven track record of attracting investment from start-ups and expanding business, who are hugely supported by Waterford Chamber. The city, county and region offers a young, well educated workforce and is easily accessible for international visitors. Waterford’s quality of life for employees is exceptional as it blends elements of rich cultural heritage with a new and vibrant lifestyle – with new additions such as the Greenway further showcasing the county to not only locals, but visitors from all over Ireland and overseas. The Chamber has been a vital link in welcoming our companies into the local Business Community – helping them not only network, but also gain a sense of community and belonging."

Brendan McDonald, Regional Manager, South East Region, IDA

 

 

We Can Help!

Call us to find out how Waterford Chamber can help you with your business and training needs today.

 

 

 

 

 contact us button