The pier in Clogherhead is owned by Louth County Council with which responsibility lies for its maintenance and development. It is, accordingly, a matter for the county council in the first instance to bring forward proposals for capital investment. Funding of £125,000 has been provided in the current year for the county coun cil to support essential safety and maintenance works.
In 1998 Louth County Council commissioned consulting engineers to make a technical assessment of the development needs of the harbour. Their report, which examined a range of options, recommended extending the pier, the construction of a breakwater and dredging works. The minimum cost of these capital works has been estimated to be in excess of £3 million. The annual value of landings in Clogherhead is of the order of £1.8 million.
I visited Clogherhead recently and accept that there is scope for enhancement of the harbour. Any major capital investment proposed would require, in the first instance, a comprehensive cost-benefit analysis having regard to all relevant economic and socio-economic factors, trends in volume and value of landings, fleet trends, and regional and local considerations. It is also the case that existing funding for major fishery harbour development is oversubscribed. Development options for Clogherhead will be kept under review in that context and my Department will consult further with Louth County Council on the way forward.