Waterford Councillors were shown the ambitious plans for the North Quays at a special meeting yesterday evening.
The next step is securing the almost 70 million euros worth of capital funding to develop infrastructure before private investment can take place.
Speaking on 'Deise Today', Michael Walsh said that the Council have taken all the relevant steps to secure government money.
"We've done all the economic benefit analysis and everything else that has to be done in the context of the government's spending code," he said, adding that the case for the development is too "compelling" for funding not to be forthcoming.
It's hoped that the planning phase will be completed by April of next year.
Responding to comments from Sinn Fein Councillor John Hearne, that capital funding may be difficult to secure, Michael Walsh said it's critical that that's not the case.
"Different politicians will have different views," he said, "we're working hard to ensure that it (funding) will be delivered."
