Consultation on Port of Cork proposals
Monday, 13 August 2007 18:56
Cork City Council has started a public consultation on draft development plans for 400 acres of dockland close to the city centre.
The draft proposals for the South Docklands include landmark buildings up to 22 storeys high, a light rail system, and the potential to bring 20,000 new residents to the area.
In reaction to the draft plans, the Port of Cork Company says that, while it supports the development, it will need a funding package to provide alternative port facilities elsewhere in Cork's lower harbour.
Meanwhile, the Port of Cork Company today released its annual report for last year, in which it outlined a 10.6% increase in container traffic in 2006, and profits 6.3% higher at â‚¬5.4 million.