I found this over at Limerick.com
â‚¬350m plan for Shannon Estuary
A â‚¬350 million plan to develop the Shannon Estuary into a world shipping hub rivaling that of Rotterdam was unveiled this week.
The plan by Shannon Foynes port company includes a â‚¬54 million plan over the next five years to develop 250 acres at Limerick docks.
The plan was launched by Kieran MacSweeney, chairman of Shannon Foynes port company and chief executive, Brian Byrne.
Key elements include:Hotel, residential and commercial developments on 250 acres at Limerick docks.Construction of a new docks area at its centre on 44 acres. Additional shipping, industrial and commercial facilities along the Shannon Estuary.
Proposal to develop a global container trans-shipment terminal at the western tip of the estuary, near Ballylongford.
Development of new jetty extension, warehousing, container storage yards and installation of modern cargo handling equipment at Foynes with an estimated cost of â‚¬30 million.
Opening of a new container line service between the Shannon estuary and Rotterdam later this year. Mr Byrne explained the development.
"We have already been working with port users and key stakeholders in the area, and we have completed detailed market research.
"We have secured a very strong level of approval from interests across the region, and we know the new business is there for the taking."
The biggest element of the plan is the development of a global trans-shipping port near Ballylongford for â‚¬250 million.
"We are approaching major intrernational industry players to co-partner with the port company on this," Mr Byrne said.
"Not only will this be a highly efficient, world-class logistics operation, the business will also bring a signifigant and very welcome jobs boost."
The plan also provides for a major overhaul and upgrade of the Shannon airport oil ferry.