A feasibility study into the re-opening of the Ulster canal, which was jointly commissioned by the Rivers Agency of Northern Ireland and Dúchas, the heritage service of my Department, was published last August. This comprehensive study concluded that the re-opening of the Ulster canal is feasible but it would be a large engineering project estimated to cost some £68.4 million sterling, at 1997 prices, and the works stage alone would take at least four years.
In publishing this study, I stated that, while it could open the way to an imaginative joint restoration project with benefits to communities on both sides of the border, there are major financial, legal and environmental considerations to be addressed by both Governments.
The Good Friday Agreement Act, 1999 recently passed by both Houses of the Oireachtas but yet to be brought into force pending the setting up of the Northern Ireland Executive, provides for the establishment of Waterways Ireland, a North-South implementation body for inland waterways, and one of its immediate functions will be to "take forward appropriate studies and appraisals in relation to the possible restoration of the Ulster canal". I believe that this is the appropriate mechanism for progressing the matter and I hope that Waterways Ireland can come into existence at an early date.
My Northern counterpart will be the Minister for Culture, Arts and Leisure who has yet to be appointed and I look forward to working with the person appointed in the North-South Ministerial Council.