Having been working to secure this investment for a number of months, dealing directly with Transport Minister Leo Varadkar, the Waterford Fine Gael TD had argued that a relatively modest outlay by the state could yield major benefits for the region’s economy.
The same capital expenditure grant of €405,000 was originally approved in late 2011 only to be frozen after Aer Arann’s decision to pull out of Waterford from January this year. Following a meeting with the airport board late last month, the Minister – despite the instability within the aviation industry – has now given Waterford Co Council the go-ahead to CPO the required 18 acres of land.
With the agreement being dependent on a contribution from a number of companies, along with local authorities, in the region, “In committing this funding I think the Department feels relatively happy with the private sector involvement in meeting the balance of the project cost, including laying the new stretch of runway,” Deputy Deasy says.
“There’s also an acknowledgement that the people who have worked at Waterford Airport for the past four years have used every cent to try to pave the way for additional expansion to bring in different kinds of jet aircraft, including small jets, and to connect to London in particular.”
“Psychologically it’s very important that we move to ensure that the airport is viable going into the next five or 10 years at the very least."
Applauding the airport’s proactive approach despite the challenges it has faced in recent times, Mr Deasy added: “I don’t think there’s anyone in Waterford or the South East who doesn’t realise how critical this piece of infrastructure is for the region, for the city, for the county – an area that is suffering very badly.
“Psychologically it’s very important that we move to ensure that the airport is viable going into the next five or 10 years at the very least. Direct air access to our biggest trading partner is extremely important, and Waterford Airport supports considerable direct and indirect employment – not least in terms of tourism, which accounted for over half the inbound traffic from the Luton route.”
Now, after what’s been a lengthy process of negotiation, Deputy Deasy hopes things can progress swiftly, with a CPO operative and the contracts already agreed. Though the transfer of lands to the Airport will require a Section 183 Resolution by Co Councillors, officials believe this will not be a problem and that work can commence within a matter of months.