Cork City Council and Port of Cork reach 'agreement in principle' on future sale of city quays

It is understood that an agreement was struck last Friday

A multi-million euro plan for Cork City's docklands have been announced. Photo: Eamonn Farrell/RollingNews.ie

Cork City Council is set to spend millions buying the Port of Cork’s city-centre quays to help facilitate one of the largest docklands regeneration schemes in Europe.

The local authority and the commercial semi-State company have reached an “agreement in principle” that will see the council acquiring around 1.5km of quayside along the city's north and south docks following the relocation of the port company’s city centre operations to its expanded facilities downstream at Ringaskiddy.