Claim failure to upgrade road would cost €59bn

THE south-west region could lose more than €59 billion in trade in the next 25 years if the Government fails to upgrade the main road between Cork and Ringaskiddy.

The startling claim came in a report commissioned by Cork Chamber which highlights the risk to trade if the N28 isn’t upgraded to serve the proposed Port of Cork’s new terminal in Ringaskiddy. The report, prepared by Indecon International Economic Consultants, stated upgrading the road to dual carriageway is “a key catalyst project that deserves priority status”.

Cork Chamber president Ger O’Mahoney said the N28 was crucial to the success of the region. The estimated cost is €163 million, which local business leaders suggested was a pittance compared with the losses which could be accrued if the project didn’t get the go-ahead.