It is my understanding that CIE does not propose to dispose of its lands at North Wall in the Dublin docklands. Instead it is seeking to enter into appropriate partnership arrangements for the redevelopment of those lands which would enable it to retain ownership and generate an income from the redevelopment.
Under the Transport Acts CIE is empowered to dispose of any property which in its opinion is not required for the discharge of its duties.
Last November the Government agreed to the principle that lands in the docklands area owned by statutory bodies which were not required by those bodies for the purposes of performing their statutory functions should, in general, be offered for sale at full market value to the Dublin Docklands Development Authority. It further agreed that alternatively the body concerned and the docklands authority could negotiate the terms of an approach under which they would become jointly involved in the redevelopment of the lands.