Budget 2025: €99m deal agreed to fund major Port of Cork expansion

The deal will help drive growth in the offshore renewable energy sector

The money will also help fund the construction of two berth expansions — one called the Ringaskiddy East - Cork Container Terminal Berth Extension, and the other called the Ringaskiddy West - Deepwater Berth Extension. Picture: David Creedon 

A €99m financing deal has been agreed to fund a major expansion of the Port of Cork’s facilities to help drive growth in the offshore renewable energy sector.

The funding deal with the Irish Strategic Investment Funds (ISIF) announced as part of the budget closes a funding gap which had threatened the port’s ability to expand its deepwater facilities at Ringaskiddy, for which planning permission is in place.