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European Investment Bank to aid redevelopment of Galway Harbour

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The redesign will allow Galway Harbour to service cargo vehicles larger than 6,000 tonnes.

The EIB will provide the assistance through JASPERS - an advisory facility of the EIB that specialises in both port development and urban regeneration.

The harbour has also been added to the European TEN-T network in the General Approach - something which will strengthen any future bids for grants from the EU’s Connecting Europe Facility.“Following on from the positive news announced last week in relation to TEN-T, our engagement with EIB JASPERS is a further positive step to realise our ambitious plans for our proposed new Port and inner city regeneration projects,” Conor O’Dowd, CEO of the Galway Harbour Company, said.

Currently, Galway Harbour cannot facilitate vessels with a capacity of over 6,000 tonnes and the redesign will allow it to service larger cargo vehicles.

“We are pleased to agree, through JASPERS, a new dedicated advisory partnership with the Port of Galway to maximize the benefits of future investment at the port.”Share this article

 

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