Reconstruction works at Ballast and Welshman's Quays, Drogheda Harbour, at a total estimated cost of £2.1 million are being financed by State grants totalling £750,000; contributions from a port user of £250,000 by way of advance cargo dues with the remainder of the project's cost being borne by the Drogheda Harbour Commission.
A sum of £508,000 of the State grant allocation has already been paid to the commissioners and the balance, £242,000, will be paid this year.
It is intended that part of the funding provided by the State and the commissioners will be recouped from the EC Commission through the Operational Programme on Peripherality.