Dáil Éireann Debate, Tuesday - 20 June 2017
1850. Deputy Imelda Munster asked the Minister for Transport, Tourism and Sport the funding that is required in each of the years 2017 to 2022 for each of the ports of Dublin, Cork, Drogheda, Dún Laoghaire, Galway, New Ross and Wicklow. [27473/17]
Amharc ar fhreagraIn line with National Ports Policy published in 2013, no Exchequer funding is provided to any commercial port company.
National Ports Policy 2013 outlines that Irish ports must operate on a commercial basis without recourse to State funding for any activities. Ports are expected to fund their activities and capital infrastructure investment from their own resources. This can be done in a number of ways such as using reserves or profits, selling an asset, borrowing, applying for EU funding under TEN T/CEF if eligible to apply or by attracting private investment into ports through entering into a joint venture.
Therefore, the funding of individual port operations and development is a matter for the port companies themselves and I have no role in this matter.
The port companies have development masterplans outlining their future infrastructure development over the next 30 to 40 years. A number of ports have already embarked upon a period of significant phased infrastructure investment in relation to key elements of their masterplans while a number of other port companies are at planning stage. Details of these plans are publically available on the individual Company Websites.
