Shannon Foynes Port Company, which wants to sell the docks, and Limerick Port Users Group, who are opposed to the plan, will address a special meeting of Limerick City Council today.
IBEC said a docklands development would trigger another phase of economic growth and development for the city and the entire Mid-West region.
Chris O’Donovan of IBEC said: “The proposed development of the Limerick docklands presents an opportunity to further develop Limerick as a major cosmopolitan European centre — the home for European Champions.”
Mr O’Donovan said they wanted a master strategy for the development of the area to be undertaken by Limerick City Council and Shannon Development in conjunction with Shannon Foynes Port.
He said: “This plan will result in investment plans for inclusion in the next NDP, which is currently being prepared by the Department of Finance. Over the coming years Limerick will benefit from the fourth Shannon crossing, pedestrianisation of the city centre and the opening of a new retail centre campus in the Opera Centre. The docklands development would complete the transformation.”
Mr O’Donovan said the future development of Limerick in terms of business, education, social inclusion and quality of life is of national strategic importance.
He added: “The presence of Shannon international airport, Shannon Foynes port and the University of Limerick and Limerick Institute of Technology ensure that Limerick is the economic hub of the region.”