Waterford News

Waterford Institute of Technology welcomes North Quays investment

WIT President Prof Willie DonnellyThe President of Waterford Institute of Technology (WIT), Prof Willie Donnelly, has welcomed the recently announced €110.6m in urban regeneration and transport funding for North Quays in Waterford, calling the investment “transformative for the city and region” and “a signal of confidence in the South East”.

Prof Donnelly said, “The North Quays project is a demonstration of the ambition there is in and for Waterford and the wider South East region of Ireland. The Council and its enterprise partners have been tenacious and single-minded in pursuing this incredible opportunity and we look forward very much in WIT to helping realise their ambitions for the North Quays and for the region. Our ambitions with regard to higher education, that is, our plans to develop a university of international standing in the South East, are entirely aligned with the kind of ambition that has led to the North Quays investment. The vision that has led to this point in the North Quays project along with the strong backing of central government is necessary for us to deliver on the overall commitments set out in Ireland 2040 for more balance regional development.”

The importance of this investment for the city, according to Prof Donnelly, is that it elevates the city internationally and helps position the city on the international stage. “We have excelled in WIT over the last decade or so in attracting European funding into Waterford and the South East and have as a consequence built extensive industry and academic contacts across Europe and further afield,” he said. “Attracting international talent into the city and region however requires a very high quality of life and the infrastructure to support high performing companies. The North Quays promises to scale-up in a very significant way what’s available to those companies and will enormously enhance our international competitiveness and visibility.”

Prof Donnelly went on to welcome the significant job creation that will come about immediately because of the investment and indicated the existence of a strong “pipeline” from WIT of “graduates” who are “employment-ready”. “The creation of a significant number of new jobs in Waterford is very welcome,” said Professor Donnelly, “and we note that in the initial phase many of these jobs will be in construction and related areas. This has been an area of very high performance for WIT in recent years and we have recently graduated quite a number of highly-skilled, highly-motivated, very talented people in areas like construction management and across the construction-related trades.”

 

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