The Ireland South East Development Office has welcomed the significant government investment announced for the South East region this week. Waterford’s North Quays is to benefit from over €110 million in funding after the Government signed off on funding for the redevelopment project. Earlier this week it was announced that the South East Greenway – which will run from New Ross to Waterford, and through the North Quays development to connect with the Waterford Greenway – has now received full funding of €15 million. The Greenway is a joint initiative of the Waterford, Wexford, and Kilkenny local authorities while the North Quays project involves infrastructural works to be progressed by both Waterford and Kilkenny local authorities.
The Chair of the Ireland South East Development Office, Frank O’Regan, said the funding was testament to the continued good work being carried out by all stakeholders in the region, and the increased collaboration between the local authorities. “These two important projects are another step towards achieving our vision of creating a vibrant, connected, and innovative region with sustainable economic growth”, Mr. O’Regan said.
“The funding is a further vote of confidence in the region and can be a catalyst for future development. The Financial Times have recently ranked us as the top small European region for FDI Strategy and placed us in the top ten for Region of the Future. Many innovative projects are being advanced under the auspices of the Regional Enterprise Plan. Our enterprise and industry leaders are working together across the region in organised clusters in ICT, Engineering, and Financial Services. The forthcoming merger of Waterford Institute of Technology and Institute of Technology Carlow to form the Technological University of the South East is another key driver to come.”
“Regional connectivity was first improved when the M9 provided a motorway link from Carlow to Kilkenny and on to Waterford. More recently the €230 million investment in the N25 bypass and the Rose Fitzgerald Kennedy Bridge has significantly cut travel times between Waterford and Wexford. Work is ongoing on improving the N24 between Kilkenny and Tipperary. When you combine these developments in connectivity with the other urban transformational projects that are underway, including the Abbey Quarter development in Kilkenny, Trinity Wharf in Wexford, you start to see that the region is moving towards delivering on its promise to properly meet the needs of a growing population,” Mr. O’Regan said.
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