Dáil Éireann Debate, Thursday - 16 December 2004
147 Ms Shortall asked the Minister for Transport the most recent estimate which his Department has for the cost of providing a new terminal at Cork Airport; the way in which this compares with the original estimate; the body which will pay for this project; and if he will make a statement on the matter. [33987/04]
View answerWork is currently proceeding on the major new terminal development and associated infrastructure which will position Cork Airport to cater for continued growth in air services and passengers. I am informed by the airport authorities that the contract price for this major development amounts to approximately €153 million with provision for variations.
I understand that the Dublin Airport Authority together with its advisers and the contractor have a framework in place for monitoring the project and that the authority is currently reviewing the estimated costs to completion.
The board of the Dublin Airport Authority, which replaced the former Aer Rianta board on 1 October last, is for the present ultimately responsible for all capital expenditure projects at the State airports, including Cork Airport. That position will change in due course, when the assets of Cork Airport are vested in the Cork Airport Authority in accordance with the provisions of the State Airports Act 2004. It is also envisaged that at that time a portion of the airport's assets will remain with the Dublin Airport Authority and be subject to a finance lease between it and the Cork Airport Authority.
