It could hold the key to the total redevelopment of the entire waterfront area in the heart of the boom city.
Bord Gáis confirmed that the 2.25-acre site, which they are remediating at present, is to be sold when the work is finished.
A 13-acre site close by, formerly owned by the Port of Waterford, but sold to a Cork developer for a figure in the region of €30 million, has already been earmarked for major redevelopment and a project which will transform the entire waterside area over the coming years.
A spokesperson for An Bord Gáis said it has appointed a joint venture of SIAC and ENVISAN, Jan De Nul NV as contractors for the remediation of the site at the waterside in Waterford City.
“Works have commenced on-site and the project is due for completion in October 2006. Planning permission for this project was provided by Waterford City Council and a Waste Management licence has also been provided by the Environmental Protection Agency,” she said.
“Waste material will be transported from the site to the nearby Bellview Port in Waterford, where it will be shipped directly to a treatment facility in Antwerp for thermal treatment. It is intended that the site will be sold for future redevelopment,” she added.
Last December, city councillors in Waterford raised the issue of the appearance of the site. Independent councillor Davy Daniels said the waterside area is a huge amenity but added that it should be cleaned up.
It was a major focal point during last year’s Tall Ships Race. But buildings which have fallen into disrepair in the area are a problem, Cllr Daniels and others said at the time.