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09/11/2018

Major Waterford redevelopment contract signed

Words: Roger Milne
Waterford Quays / William Murphy

Waterford City and County Council has signed a contract agreement with Fawaz Alhokair Group for a major regeneration project in the centre of the city.

The Saudi retail company is set to invest €300 million in the North Quays area of the city. It expects to submit a planning application for the development – comprising a shopping centre, office space, a hotel, and other commercial facilities totalling over 90,000 square metres – early next year.

An Bord Pleanála has also confirmed the compulsory purchase order (CPO) for the lands associated with the development. These are in a designated strategic development zone (SDZ) for which a planning scheme was approved earlier this year.

The first planning applications for the North Quays development are due to be submitted this month. These relate to road access improvement on Dock Road and Abbey Road, and rock stabilisation works adjacent to Plunkett Station. An application to An Bord Pleanála for a so-called sustainable transport bridge will be submitted towards the end of this month.

The entire infrastructural works will provide an integrated transport hub, sustainable transport corridor including a sustainable transport bridge from the Clock Tower to the North Quays, improved road network along Dock road, Abbey Road and Belview area as well as a new link road between Belmont and Abbey Road.  

These works will be undertaken in collaboration with Kilkenny County Council, Irish Rail, Waterford Port Company and the National Transport Authority. The CPO also allows for the transfer of land within the SDZ site to the Saudi company.

The council told The Planner that it has requested funding from the government’s Urban Regeneration and Development Fund.

Image credit | William Murphy

 

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