New company vital for future of Rosslare 28/09/17 : the

New company vital for future of Rosslare 28/09/17

| September 28, 2017

Rosslare Europort could be a major driver of jobs and business in the Wexford economy in the post-Brexit era but its potential to deliver for county and the country could be hampered if it remains part of the CIE Group.

The problem is that despite the port’s profitability it is part of a company which is hugely loss-making and as a result does not have the funds necessary for the development of the port facility.

Now there is a move to have a separate and autonomous port company established under the CIE Group to run the facility.

This would ensure that profits generated in Rosslare would be retained locally to be reinvested in the future development of the port.

In terms of facilities Rosslare has in many respects gone backwards over the past twenty years and there is concern now that if significant investment is not ploughed into the port in the years ahead a major opportunity to transform Rosslare into the main link between the EU and Ireland post Brexit will be lost.

Members of the Co. Council have backed the call for the establishment of the new company. Cllr. Tony Dempsey said it was vital to allow the port to realise its full economic potential. A motion calling for the creation of the port company has now gone to Transport Minister Shane Ross.

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