Log in | Register

State commits €110m for pivotal Waterford development

Words: Roger Milne
Euros / Shutterstock_194311094

The Irish Government has announced funding of €110 million for Waterford’s North Quays development, currently the state’s ‘largest urban regeneration project’.

The project received planning approval from Waterford City and County Council in July and is expected to receive another €400 million from Saudi Arabian-backed Falcon Real Estate over the next four years.

Proposals for the eight-hectare site include a 15-storey hotel and conference centre, twin blocks of office space rising to seven storeys, 300 flats and an open public space.

Tuesday’s (10 November) cabinet meeting signed off on €80.6 million for the project from the Urban Regeneration and Development Fund while €30 million has been committed by the Department of Transport, through the National Transport Authority.

Housing and planning minister Darragh O’Brien said: “This approval represents one of the single biggest investments ever in the South East. The North Quays project is the largest commercial development in Waterford and currently the largest urban regeneration project in the country.”

Read more:

Go-ahead for Waterford city centre project

Image credit | Shutterstock