Galway Bay FM News Archives
D-Day for city construction firm owed €4m by the Govt
Date Published: 19-May-2011
BY ENDA CUNNINGHAM
Next Monday is ‘D-Day’ for a major Galway construction company which is facing collapse, unless it can secure a cash injection of between €4m and €5m.
Cordil Construction – which temporarily laid off 51 employees and more than 400 subcontractors last week – is facing collapse unless bank funding is secured, or almost €4m for work on Government contracts is paid up.
A company spokesperson told the Galway City Tribune: “Negotiations are ongoing, we have no control over the pace of the [banks’] decision, but we’re still hopeful of a positive outcome.
“Last week, we created a [two week] window opportunity for a resolution to be found. Perhaps they’re taking this time to do due diligence. It was certainly a positive thing that the matter was discussed in Dáil Éireann for 30 minutes last Thursday.
“Next Monday or Tuesday is D-Day. Either we get the money owed from the State or a temporary facility from the bank. If both fail, we have to face the reality,” the spokesperson said.
Because of strict conditions imposed on all new Government contracts, the company is forced to pay for supplies and subcontractors ‘up front’ – it’s understood Cordil is owed almost €4m from work completed and work in progress on Department of Health and Dept. of Education contracts.
Cordil is currently working on 15 projects around the country worth a total of €27m – including seven major Government schemes.
Read more in today’s Galway City Tribune
Date Published: 07-May-2013
Galway has a population of young people which is more than twice the national average.
According to information gathered by the Central Statistics Office, Galway’s population of 20 to 24 year olds is more than twice the national average.
The number of 25-34 year olds in Galway is also more than the norm nationally, with the two main colleges thought to be the main reason.
However immigration in Galway is much higher than in other areas at 19.4 percent, compared to the national average of 12 percent.
Date Published: 07-May-2013
A city councillor is encouraging people to donate goods directly to charity shops.
It follows allegations of thefts from clothes banks in Galway and across the country in recent months.
However, cameras are in place at some clothes banks and surveillance is carried out by local authorities.
Speaking on Galway Talks, Councillor Neil McNeilis said the problem of theft from clothes banks is widespread.
Date Published: 07-May-2013
A park ‘n’ ride scheme from Carnmore into Galway city could become a permanent service if there is public demand.
That’s according to the Chief Executive of Galway Chamber of Commerce, Michael Coyle.
The pilot scheme will begin at 7.20 next Monday morning, May 13th.
Motorists will be able to park cars at the airport carpark in Carnmore and avail of a bus transfer to Forster Street in the city.
Buses will depart every 20 minutes at peak times and every 30 minutes at offpeak times throughout the day, at a cost of 2 euro per journey.
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