Dublin Docklands project on target

The Dublin Docklands project is on target at the half-way stage, the Dublin Docklands Authority said at the publication of the Annual Report and Accounts 2004.

The Dublin Docklands project is on target at the half-way stage, the Dublin Docklands Authority said at the publication of the Annual Report and Accounts 2004.

Lar Bradshaw, chairman of the Dublin Docklands Development Authority was joined by the Minister for the Environment Dick Roche to launch the report.

“The project remains on track. The tangible manifestation of the social, economic and physical regeneration of the Docklands is there for all to see, but, as always, much remains to be done,” said Mr Bradshaw.

Mr Bradshaw added a key focus for the Docklands for the next seven years of the implementation of its master plan would be encouraging a greater number of families into the area. “We will do whatever it takes to change the accepted paradigm that families have to live in the suburbs,” he said.

The Docklands Authority’s accounts showed in the year to December 31 2004, Grand Canal Harbour was the primary income source generating the bulk of its annual revenue of €25.7m.

The Docklands Authority spent €16.5m on not-for -profit activities including public realm works on the riverside, acquisition of derelict properties and the construction of the Sean O’Casey Bridge. A further €2.3m was spent on grant aid for community development projects.

The net result for the year, before discretionary spend, was an operating surplus of €12.3m, which reflected a significant increase in revenues from Grand Canal Harbour over the previous year.

When not-for-profit spend is accounted for, there was a deficit of €2.7m.

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