Shannon Foynes Port Company announce plans for unprecedented expansion

first_imgNewsBusinessShannon Foynes Port Company announce plans for unprecedented expansionBy Staff Reporter – May 15, 2018 2859 O’Sullivan urges Limerick people affected by flooding to attend briefing Advertisement Twitter Foynes planning Ireland’s largest bulk port company, Shannon Foynes Port Company (SFPC), has announced plans for an unprecedented expansion at its general cargo terminal, Foynes, adding over two-thirds the size of its existing area.In the latest phase of a €64million investment programme launched three years ago, SFPC is to invest over €20million in enabling works alone to convert 83acres on the east side of the existing port into a landbank for marine related industry, port centric logistics and associated infrastructure.The project, which will be developed on a phased basis over the next five years, will require the biggest infrastructure works programme ever undertaken at the port, with the entire 83acre landbank having to be raised to all of 4.4metres.  The programme will also require the provision of new internal roads and multiple bridge access as well as roundabout access.Sign up for the weekly Limerick Post newsletter Sign Up A planning application for the project, which has the capacity to attract hundreds of jobs to the Limerick town, has been lodged with An Bord Pleanála.  The same application will also see SFPC seek permission for modifications to its existing jetties and quays, including connecting its two main quays.  This will, in turn, extend the area at the port for mooring of vessels and other port related operations.The development is in line with the long-term programme outlined by SFPC under its Vision 2041 masterplan to transform its ports and the Shannon Estuary into one of the country’s premier economic zones.The move by SFPC is fully endorsed by the Government with the expansion of SFPC included in the recently published National Planning Framework and Project Ireland 2040 together with the inclusion of the Limerick to Foynes road, which will link the port directly to the national motorway network .“This planned investment by SFPC is essential if we are to introduce optionality into our existing national supply chain and promote regional balance and development.  This investment is fully consistent with the National Development Plan and National Planning Framework and will further establish the port of Foynes as a key national and international freight hub.” said SFPC CEO Patrick Keating.He continued: “Our business is back to peak boom-time levels in terms of tonnages but we are reaching capacity as it is.  So this is not a speculative play, it’s an absolute necessity as projected in Vision 2041 and even more so when the five to seven year lead times are factored in.  It is a huge logistical project as we will be raising an 83acre sit 4.4m, the depth essentially of four Olympic swimming pools on top of each other”The announcement was welcomed by locally based Minister of State at the Department of Finance Patrick O’Donovan. “This investment is a massive vote of confidence by Shannon Foynes Port Company in the potential of the port of Foynes and estuary.  It’s also an emphatic statement about the National Planning Framework”“The port company is on a very impressive footing now, has ambitious plans for the future and has also met and exceeded every single target since it unveiled those plans through Vision 2041 in 2014. This type of forward planning is going to deliver a very bright future for Foynes but, more than that, be a major driver of growth regionally and nationally,” he concluded.More about business here. Print State agencies join forces to tackle Foynes flooding threat Email Decision to enter Phase 4 of reopening Ireland deferred to August 10 WhatsAppcenter_img Previous articleCompetition winnerNext articleGas meter tampering leads to court conviction for two Limerick householders Staff Reporter RELATED ARTICLESMORE FROM AUTHOR An Bord Pleanála grants permission for King’s Island Flood Relief Scheme Shannon Foynes Port annual report Fianna Fáil TD Niall Collins appointed as Minister of State TAGSAn Bord Pleanalafoynesgovernmentplanning applicationprogrammeShannon Foynes Port Company Facebook Linkedinlast_img read more

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State of the Market

first_img About Author: Joey Pizzolato Sign up for DS News Daily Demand Propels Home Prices Upward 2 days ago Joey Pizzolato is the Online Editor of DS News and MReport. He is a graduate of Spalding University, where he holds a holds an MFA in Writing as well as DePaul University, where he received a B.A. in English. His fiction and nonfiction have been published in a variety of print and online journals and magazines. To contact Pizzolato, email [email protected]  Print This Post The Federal Open Market Committee (FOMC) released its minutes from its meeting in July on Wednesday, which detailed the Fed’s outlook on the state of all facets of the economy since its meeting in June, when it decided to raise interest rates.In their staff review of the economic situation, the FOMC reported that investment in real estate declined slightly in the second quarter of 2017, even though starts in single-family homes and multifamily homes rose in June. The number of building permits that were issued for both single-family and multifamily homes was also lower in the second quarter than it was in the first. In May as well as June existing home sales decreased; however, new home sales in May were on the rise.The FOMC also reported that Treasury yields for long- and intermediate-term securities showed a slight increase in June, which was attributed to potential declines in the long-term neutral real interest rates in the past few years as well as an accommodative foreign monetary policy. Commercial real estate financing conditions also remained accommodative, although loans slowed.In the residential mortgage market, the Fed observed that the market was hardly changed and new credit continued to flow at a reasonable pace, while at the same time many respondents of the Senior Loan Officer Opinion Survey (SLOOS) reported that standards for most residential loans were not as tight as they have been in the past.Participants of the meeting did unanimously agree that regulatory and supervisory tools that have been developed since the housing crisis have been paramount in helping maintain financial stability, as well as the fact that a continued, slow increase in the federal funds rate was an appropriate solution to maintain their goal of maximum employment and an inflation rate that hovered around 2 percent.You can read the full details of the minutes here. Previous: Household Debt Reaches Record High Next: Homework Pays Off Demand Propels Home Prices Upward 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago State of the Market Home / Daily Dose / State of the Market in Daily Dose, Featured, Government, Headlines, News Related Articles Data Provider Black Knight to Acquire Top of Mind 2 days agocenter_img The Week Ahead: Nearing the Forbearance Exit 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Subscribe The Best Markets For Residential Property Investors 2 days ago Share Save Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Fed Federal Open Market Committee Minutes FOMC 2017-08-16 Joey Pizzolato Servicers Navigate the Post-Pandemic World 2 days ago The Best Markets For Residential Property Investors 2 days ago Tagged with: Fed Federal Open Market Committee Minutes FOMC Governmental Measures Target Expanded Access to Affordable Housing 2 days ago August 16, 2017 1,364 Views last_img read more

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Cllr Gallagher calls for public contracts to be given to local services

first_img Cllr Gallagher calls for public contracts to be given to local services Twitter By News Highland – April 15, 2013 Facebook Help sought in search for missing 27 year old in Letterkenny Pinterest WhatsApp Donegal County Council has again been urged to include a clause which would see all future public contracts awarded to include 10% of local goods and services.Previously EU directives have seen major contracts awarded to companies outside the county but Cllr Marie Therese Gallagher says thats not fair.She points to a clause in the contract to install water metres which states that 25% of work on the project locally should go to local companies and the unemployed.Cllr Gallagher says if the Environment Minister can do that, then Donegal County Council should:[podcast][/podcast] 448 new cases of Covid 19 reported today Facebook Three factors driving Donegal housing market – Robinson Guidelines for reopening of hospitality sector publishedcenter_img NPHET ‘positive’ on easing restrictions – Donnelly Previous articleO’Neill points Tyrone into League FinalNext articleRegional Devlopment Minister in the North accepts A5 decision News Highland Pinterest RELATED ARTICLESMORE FROM AUTHOR Calls for maternity restrictions to be lifted at LUH Twitter Google+ Google+ News WhatsApplast_img read more

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ESPS Galicia’s Commander Visits Omani Navy Officials

first_imgBack to overview,Home naval-today ESPS Galicia’s Commander Visits Omani Navy Officials View post tag: News by topic Authorities On Sunday 2 August 2015, the Commanding Officer of ESPS Galicia, Captain Rafael Fernandez-Pintado, met officers from the Royal Navy of Oman during the Spanish warship’s port visit to Salalah.Captain Fernandez-Pintado was hosted by the Chief of the Royal Navy of Oman Naval Base, and during the visit both discussed the on-going counter-piracy operations and potential future training opportunities between Operation Atalanta and Royal Navy of Oman warships.Before he departed the Naval Base, Captain Fernandez-Pintado signed the Royal Navy of Oman’s ‘Book of Honour’ and gifts were also exchanged. He thanked the Royal Navy of Oman for their assistance to Operation Atalanta warships when they are along side in Omani ports.[mappress mapid=”16610″]Image: EUNAVFOR View post tag: Navy August 6, 2015 View post tag: middle east View post tag: officialscenter_img Share this article View post tag: Omani Navy ESPS Galicia’s Commander Visits Omani Navy Officials View post tag: Commander View post tag: Naval View post tag: ESPS Galicialast_img read more

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David Byrne Wrote A New Musical About Joan Of Arc As A Rock Star

first_imgLegendary Talking Heads frontman David Byrne has been expressing his musicality on a number of interesting projects in recent memory, including the recent Contemporary Color documentary pairing color guard teams with modern artists, as well as the musical “Here Lies Love” that he wrote with help from Fatboy Slim. It seems that Byrne has announced his second-ever foray into musical theater, with a new production called “Saint Joan.”Set to debut on February 14th at the Public Theater in New York, NY, “Saint Joan” will tell the story of Joan Of Arc in an atypical setting: a rock concert. The show will unfold on a discotheque dance floor, and the New York Times writes that the musical will be framed by a rock show. Byrne explains his fascination with the Joan Of Arc story in a press release, saying: Why has this story endured over centuries and been made into so many plays and movies? Because it’s about someone—a nobody, a teenage girl—who inspired others to act, to overthrow their oppressors and take charge of their lives. She transforms from an innocent, into an androgynous warrior, and finally a martyr. Joan’s story is about the power of the individual to make a difference and (for me) the hubris and sometimes oversteps that often go along with that. In other words—it’s completely relevant. He also writes, “On stage, imagine a singer—a contemporary young woman—backed by her inspired band, ultimately immolated at the end of her concert.” This should be an interesting concept, and we can’t wait to see it when it comes out!last_img read more

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