My Department is responsible for overseeing the allocation of EU funding under seaports' measures for the Operational Programme for Transport, the Ireland Wales Maritime INTERREG Community Initiative and the Cohesion Fund for the period to 1999, as approved by the relevant monitoring committees for each programme.
Over the period 1994-99 some £160 million will have been invested in Irish commercial seaports which includes EU co-financing of approximately £80 million. Port authorities or other project sponsors raise the matching co-financing from their own resources or through commercial bank borrowings.
Examples of typical projects, which are provided for under the eligibility criteria of the relevant programmes from which co-financing is allocated, include handling equipment; berthage facilities; ferry terminal facilities; improvements in port access; capital dredging and repair of structural faults.
The following is an indicative listing of EU aid to projects at commercial seaports for the 1994-1999 period: