Govt Must Bridge Funding Gap For North Quays Project - FF

The government has been urged to bridge the funding gap of €14 million for the North Quays project in Co Waterford.

Fianna Fáil TD for Waterford, Mary Butler TD criticised the government after €6 million was allocated towards the project, leaving a gap of €14.1m in the initial application.

She said: "This gap is real and must be bridged. It is a major slap in the face to Waterford City. If the delivery of initial funding falls at the first fence, it really does not bode well for the future funding.

"A total of €20.1 million (including €13 million for the new bridge) was applied for, yet the Government has only committed to €6 million. This is a large sum of money that now needs to be secured elsewhere.


"This is incredibly disappointing. The Government hyped up their support for this project consistently, and now the City community has been once again left short changed by this government."

Deputy Butler also called on the government to outline where the additional funding will come from, questioning whether a different fund or private investors would support the project.

She added: "This project is central to letting Waterford City reach its full economic potential. Recent CSO figures suggest that the South East is still struggling to secure new job growth. In the 12 months to September 2018, just 600 new jobs were created in Waterford, Carlow, Kilkenny, Waterford and South Tipperary. That's a very low number compared to the rest of the country.

"We need to hear from the local Government supporting TDs as to what the plan is to bridge the funding gap. It makes social and economic sense to provide the funding. We cannot allow this project to be delayed or stalled any further," concluded Butler.

(CM/MH)