Waterford is first in line to draw from the 2 billion euro urban redevelopment fund.
That’s according to Fine Gael Councillor John Cummins.
It’s hoped that development works could begin on the North Quays as early as January of next year, after it was revealed that the project would be a main beneficiary of the government’s National Development Plan.
John Cummins says Waterford is better placed than other county to the capital funds, “we have submitted the cost benefit analysis for the €62million”.
Councillors formally approved the plans for the area this month. The document sets out the vision for the area, which includes retail, hotel, housing and office space along with an Integrated Transport Hub.
If there are no appeals, the planning scheme will take effect in three weeks time.
Councillor Cummins says he’s hopeful that there’ll be no objections to the development, he added that “if it is appealed to An Bord Pleana all the timelines will be pushed back”.
Councillor Cummins says “this is a hugely exciting time to be from Waterford and it’s great to see plans becoming a reality. It is my belief that what happens in the next 2-4 years will be the catalyst for the next two decades of growth & prosperity in our city and region.”