Shannon Estuary to attract investors

A number of local bodies have joined forces to promote six deepwater marine investment opportunities along the Shannon Estuary.

The initiative is targeting potential international investors who may be interested in the six development locations deemed appropriate for marine investment.

Three of the sites are located in Limerick, with another two in Clare and one in Kerry.

The sites include Clare sites Moneypoint (280 hectares) and Innismurry/Cahericon (65ha), Askeaton (98ha), Foynes Island (40ha), and Foynes Port and adjoining lands (186ha), in Limerick; as well as Tarbert-Ballylongford Landbank (550ha) in Co Kerry.

The bodies involved include all relevant local authorities in each county, IDA Ireland, Shannon Commercial Properties, and Shannon Foynes Port Company.

The promotion of investment and development opportunities is the result of the Strategic Integrated Framework Plan (SIFP) for the Shannon Estuary, a land and marine-based plan launched in late 2013 by a multi-agency steering group comprising member organisations from throughout the wider region.

Clare County Council senior planner Brian McCarthy said the “plan-led approach” would provide investor certainty and confidence to interested parties.

IDA Ireland business and relationship manager Niall O’Callaghan said the estuary is one of the focal points in attracting investment to the wider region.

“The Shannon Estuary is a key pillar in the potential attractiveness of the Mid-West to new forms of foreign direct investment and, aligned with IDA Ireland’s Regional Strategy through the Action Plan for Jobs.” he said.

“The culmination of many months work with our stakeholders within the Mid-West Region, the full potential of the SIFP can only be achieved with a co-ordinated delivery of infrastructure to support the six strategic sites that have been identified.”

The estuary is Ireland’s premier deepwater port routinely catering for ships up to 200,000 deadweight tonnage with key ports at Limerick and Foynes and direct connectivity to all major international shipping lanes.

Foynes Port Company chief executive Pat Keating said: “As Ireland’s largest bulk-port company and the port authority for the Shannon Estuary, Shannon Foynes Port Company views the implementation of the SIFP as vital to realising the commercial maritime opportunities afforded by the naturally occurring deep waters of the Shannon Estuary.”

A dedicated website, www.shannonestuary.ie, has been launched to help market the six locations.


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