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Port of Cork to receive €88.5m finance injection

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Cork News

Ireland-Strategic-Investment-Fund

Capital from the Ireland Strategic Investment Fund will be used to build facilities at Ringaskiddy container terminal

The Port of Cork is to get an €88.5 million investment to build new facilities at its container terminal in Ringaskiddy.

It is understood the financial injection is part of the €99 million investment into the port announced by the Minister for Public Expenditure and Reform Paschal Donohoe during his budget speech on Tuesday.EU warns State over planning approval for green energy projects Senior investment specialist in Isif Donal Murphy said the project supported the county’s transition to a net zero economy but also had an “impact in driving more trade and economic activity”.

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