CITY COUNCIL TO BECOME SHAREHOLDERS IN GALWAY HARBOUR

Date Published: 26-Mar-2013

The operation of Galway harbour is to change with Galway city council to take a shareholding

Galway is one of 14 ports nationwide which is to be placed within a local authority led governance structure

The commercial mandate of ports will remain and they will be expected to turn a profit, pay a dividend and will not receive Exchequer grants.

The plans to radically overhaul Ireland’s commercial ports and give Government a more hands-on role in the maritime ports sector were announced today by Minister for Transport, Tourism & Sport Leo Varadkar.

The five State Ports of Regional Significance – Galway, Drogheda, New Ross, Wicklow and Dún Laoghaire – retain important regional roles as regional freight distribution hubs, but also increasingly important roles in areas such as marine leisure and tourism.