Shannon Foynes Port, Ireland’s second largest port operator and largest bulk port company, has statutory jurisdiction over all marine activities on a 500km2 area on the Shannon Estuary, stretching from Kerry to Loop Head to Limerick City.
Adjacent to the world’s busiest shipping routes, with current capacity to handle over 10 million tonnes annually and with water depths of up to 32m, we are uniquely positioned to expand as an international cargo hub serving the domestic, European and worldwide markets. This expansion will be accommodated by up to 1200 hectares of land available for Port development.
News & Events
28 June 2022Shannon Foynes Port Company strategy in keeping with RePower EU and The Green Deal plans – leading European Commission official states Professor Péter Balázs says port authority on right track during visit to Foynes Professor Péter Balázs, European Coordinator in the framework of a key European Commission transport infrastructure development programme, has said that Shannon Foynes Port Company’s long term plans to become an international renewable energy hub are fully aligned with EU policy. Professor Péter Balázs, European Coordinator for the North Sea-Mediterranean Core Network Corridor, said that the very ambitious plans of the Shannon Estuary port authority align with the overarching EU Green Deal strategy to become the first climate neutral continent by 2050 and the more recent RePower EU plan to transition away from dependency on Russian fossil fuel. Speaking following a visit to Foynes, during which he was updated on progress in relation to projects jointly funded by the Connecting Europe Facility (CEF), Professor Balázs said that future funding applications must fit a number of key criteria, not least the importance of the wider project to Europe. Shannon Foynes Port Company’s plans, he said, go in the right direction. Professor Balázs was also briefed about the porty authority’s plan to put in place €300m plus of essential infrastructure, to enable the Shannon Estuary to become a global renewable energy player and exporter of clean energy and fuels into Europe, as well as develop unitised cargo activity. “This is my third visit to Foynes and I have been following the progress on its very ambitious plans very closely for several years and have been hugely impressed. When selecting projects, with regard to how best use the funding at disposal, the European Commission considers several key points, one of which is the European dimension of projects. Certainly, high on the agenda now is keeping with the EU’s The Green Deal. Other influencers now are, of course, adapting to the consequences of Brexit, which has fundamentally changed the geopolitical position of Ireland, the pandemic, which has interrupted many important supply changes, and now we have the impact of Russia’s invasion of Ukraine. “Shannon Foynes Port’s strategy meets these requirements. When we came here first, Shannon Foynes was not on the map of the EU, but it was on the map of our long term thinking. We have extended the North Sea - Mediterranean corridor, which I am in charge of, to include Shannon Foynes, which increases the value of the Irish infrastructure. “The complex thinking that is being engaged in here is ultimately in keeping with improving the environmental conditions all across Europe by facilitating the generation of renewables, using modern fuels, saving energy, transforming the modal composition of transport by pushing freight from road to rail and water. There is a very special emphasis on The Green Deal objectives and what’s happening here aligns with that.” Ireland’s focus on becoming an exporter of green energy and fuels arising from floating offshore wind generation, Professor Balázs added, reflects very positively on its relationships within the Europe. “Ireland has been showing a good example. It is a good model in European cooperation. Something every member state could and should do is deepen integration within Europe, because in the fact of all the challenges we have today, it's important to strengthen cooperation and Ireland is a good partner in that sense,” he added. Shannon Foynes Port Company Chief Executive Pat Keating said that the visit was a timely validation of its strategy. “It’s five years since we had the opportunity to host Professor Balázs here and it was an opportunity for us to showcase the very positive impact of the funding we have received so far through the Connecting Europe Facility. The Connecting Europe Facility is a critical funding partner for us as we seek to put in place the infrastructure to realise the unprecedented opportunity we have from offshore renewables. This is opportunity is critical for the region, for the State but will also enable Ireland to become a significant contributor to the EU’s The Green Deal and RePower EU. We will be seeking EU funding for what we are trying to do but will be making a return back to Europe on that investment at a level perhaps not previously seen.” ENDS
10 June 2022
07 June 2022
Shannon Foynes Port signs MOU with world leaders in floating offshore wind
MOU with Norwegian Offshore Wind to support Ireland and Norway in reaching their renewable ambitions
Tuesday, June 7, 2022: Shannon Foynes Port Company has stated that Ireland has the potential to not only meet its climate change targets but become one of Europe’s leading renewable energy nations as it signed a Memorandum of Understanding (MOU) with one of the world’s leaders in offshore wind generation.The signing of the MOU with Norwegian Offshore Wind is a further endorsement of plans to transform the Shannon Estuary into an international floating offshore wind hub that will enable Ireland surpass long-term climate change targets and, moreover, become a major global renewable energy generator. The MOU will enable collaboration between SFPC and offshore wind interests in Norway, providing a framework for further collaboration on market activities towards both the Irish and Norwegian offshore wind market. Moreover, the agreement provides a platform for research, development and innovation (RDI) activities for Irish and Norwegian companies. Norway is already a world leader in offshore wind and its government last month launched a large-scale investment plan aimed at allocating sea areas to develop 30 GW of offshore wind capacity by 2040. "The ports in Norway and Ireland are a vital component in the supply chain in offshore wind, and thus imperative for the countries in Northern Europe to reach their renewable ambitions,” said Arvid Nesse, General Manager of Norwegian Offshore Wind. “This agreement will strengthen the cooperation between the ports along the Norwegian coast and one of the hubs for floating wind in Ireland. I am convinced that the agreement will create a cooperation platform for market and RDI activities that will be mutually beneficial for Norway, Ireland and the entire industry in Northern Europe. This agreement additionally provides Norwegian companies with opportunities in the fast emerging Irish offshore wind market", Shannon Foynes Port Company CEO Pat Keating said: “Norway is a world leader in the development of floating wind and it’s this very technology that will enable Ireland to not alone meet its longer term climate change targets but become an international energy hub for the first time in our history. The Shannon Estuary will be a key enabler of that because of its proximity to offshore winds and its deep waters, which are essential for supply chain. “Ireland’s potential from floating offshore wind generation off the West coast alone stands at 70GW, which is 12 times our current installed wind capacity on land. So what we now need to do is to realise that opportunity and being able to partner with global leaders like Norway will be a key enabler of that. Norwegian Offshore Wind’s partnership with us on this MOU reflects just how big that opportunity is and we look forward to working closely with them to progress this mutually beneficial relationship.” ENDS Norwegian Offshore Wind is a cluster organization located on the West coast of Norway with a national scope on delivering a strong global supply chain in offshore wind. NOW has over 350 member companies that cover the entire supply chain in offshore wind. Several ports along the Norwegian coast are member of the cluster and have an objective of positioning themselves in several offshore wind markets in the North Sea and beyond. The ports and relevant stakeholders in the cluster are looking for strategic partnership in Ireland. Shannon Foynes Port Company is Ireland’s second largest port operator and largest bulk port company, and has statutory jurisdiction over all marine activities on a 500km2 area on the Shannon Estuary, stretching from Kerry to Loop Head to Limerick City on Ireland’s Atlantic Coastline. Shannon Foynes Port Company is an EU Core Network Port (TEN-T) and a Tier 1 Port in the National Ports Policy, effectively designating the Shannon Estuary as a commercial water course of international significance. The Shannon Estuary represents a transformative economic and environmental opportunity as an international renewable energy and logistics hub. SFPC has recently appointed Bechtel, a world leader in strategic planning and development of ports, to update its Vision 2041 masterplan to maximise the opportunity emerging from offshore and onshore investment within and adjacent to its harbours in Ireland. ABOUT MOU The Norwegian Offshore Wind and Shannon Foynes Port Company MOU provides for the following:
- Shared events where the membership of both parties are invited to participate. Topics for such events to be decided by mutual agreement between the parties or by input from their membership.
- Opportunities to do business – both parties agree to disseminate opportunities to do business. These can take the form of ‘Meet the Buyer’ industry events in either country, knowledge of tender opportunities, innovation funding calls etc.
- Partnership working – encourage knowledge exchange between respective cluster members and assist the members to form partnerships or joint ventures to win new business (from any of the activities outlined in 2. above) or develop new products and services.
- Dissemination – support the sharing of media campaigns, press activity, online media and other promotional activity from either cluster through cluster networks
- Joint Research, development and Innovation projects – stimulate the parties to establish joint RDI projects in the Irish offshore wind marked or the Norwegian Offshore Wind market.
05 May 2022
Bechtel to deliver port masterplan to support Ireland’s emerging offshore wind industry
Shannon Foynes Port expansion will enhance its status as key hub for European trade and renewable energy Focus in updated plan will be on Estuary as a hub for floating offshore wind, hydrogen and other green fuels production and logistics Thursday, 05 May 2022: The transformative economic and environmental potential of the Shannon Estuary as an international renewable energy and logistics hub has been reaffirmed by the appointment by Shannon Foynes Port Company (SFPC) of Bechtel to advance its masterplan, Vision 2041. Bechtel, a world leader in strategic planning and development of ports, will update the masterplan to maximise the opportunity emerging from offshore and onshore investment within and adjacent to its harbours in Ireland. Vision 2041, which was launched in 2013, was Ireland’s first long-term port strategy and set out ambitious targets for the development of port infrastructure and services along the Shannon Estuary. The intervening period has seen all targets for investment and growth met by SFPC, which has now engaged Bechtel to work with it in updating the masterplan. This will have a strong focus on SFPC’s role as a key enabler of the unprecedented renewable energy opportunity from floating offshore wind off the Atlantic seaboard and related production of alternative shipping fuels that, together, will transform Shannon Foynes into a leading European port. Planned expansion at the port, including a new 1kilometer dock with depths of over 18m alongside and associated quayside storage, will increase port capacity to 20m tons per annum and will be accommodated by up to 1,200 hectares of land zoned for strategic development. The port’s proximity to the Atlantic wind resource provides the opportunity for it to become a major international renewable energy hub. Given the 80GW of capacity available off the Atlantic seaboard and the port proximity to this, SFPC will be a key enabler for Ireland reaching and surpassing its 20GW offshore wind target by 2050. The expanded facilities at Shannon Foynes would include hydrogen and ammonia production facilities for long-term energy storage and will also consider the export of the renewable energy/fuels produced. Bechtel’s role will be to assess and refresh the port’s masterplan to best leverage these advantages, further boost growth and support the region’s emerging offshore wind industry. John Williams, Bechtel’s managing director for the UK and Ireland said: “There is an increasingly strong case for investing in port infrastructure to support the growth in offshore wind and the importance of creating local supply chains cannot be underestimated. Ports act as focal points during the manufacturing, installation and operation of offshore wind farms and Shannon Foynes is strategically ideal to support Ireland’s offshore wind industry, as well as expand to play an even greater role in European shipping. We are excited to have the opportunity to partner with Shannon Foynes Port Company on their Masterplan update.” Patrick Keating, Chief Executive of SFPC said: “Nine years ago, Vision 2041 was considered a very ambitious masterplan, yet we have since met all the higher end growth targets identified for the interim period. In it we also identified the opportunity ahead for what were then only emerging sectors, such as offshore renewables. The Estuary is now viewed not alone by SFPC but the sector internationally as an emerging renewable energy supply-chain hub. In addition, there is the complementary growth potential for the estuary as a major logistics centre. “The acceleration of these opportunities necessitates the updating of Vision 2041 so that we have a strategic roadmap for realising the unprecedented opportunity for the company, the region and, indeed, the State. This is a critical moment for us and we are delighted to have Bechtel supporting us. Bechtel’s portfolio spans infrastructure, renewables, fuel production, and financing and makes them uniquely qualified to help us maximise the benefits of our deep-water advantage and our expansion plan, along with the job creation, supplier opportunities, economic growth that it will bring. We look forward to finalising the report over the coming months and unveiling this ambition to place Ireland at the global top-table for renewable energy and logistics.” Bechtel are global experts in ports, having delivered facilities around the globe, including Khalifa Port, the most advanced trading hub in the Middle East. Over 40 years ago, Bechtel was involved in the construction of Aughinish Alumina, the largest industrial complex on the Shannon estuary and adjacent to Foynes port. Bechtel is taking a growing position in Ireland supporting the renewal of infrastructure and the growth of renewables, having been recently appointed by daa as its integrated delivery partner for Dublin Airport’s capital investment program and also in supporting the Ervia Cork Carbon Capture Utilisation & Storage (CCUS) Project PreFEED study for the development of CO2 transport pipeline networks, liquefaction, storage, and shipping facilities for CO2 clusters in Ireland. This project is part funded by the European Commission under the Connecting Europe Facility funding instrument. Ends About Bechtel Bechtel is a trusted engineering, construction and project management partner to industry and government. Differentiated by the quality of our people and our relentless drive to deliver the most successful outcomes, we align our capabilities to our customers’ objectives to create a lasting positive impact. Since 1898, we have helped customers complete more than 25,000 projects in 160 countries on all seven continents that have created jobs, grown economies, improved the resiliency of the world's infrastructure, increased access to energy, resources, and vital services, and made the world a safer, cleaner place. Bechtel serves the Energy; Infrastructure; Nuclear, Security & Environmental; and Mining & Metals markets. Our services span from initial planning and investment, through start-up and operations. www.bechtel.com About SFPC SFPC has statutory jurisdiction over all marine activities on the Shannon Estuary and is Ireland’s, and one of Europe’s, deepest sheltered estuaries. The estuary covers 500-kilometre square of commercial waters stretching from Kerry to Loop Head to Limerick City. Alongside the world’s busiest shipping routes and with water depths of up to 32-metres, the port is uniquely positioned to expand as a cargo hub serving the domestic, European and worldwide markets. The port is already a key enabler of industrial activity and employment in the Mid-West region of Ireland and currently has the capacity to handle over 10-million tonnes annually.
16 March 2022
Shannon Foynes Port Company welcomes Government & The Department of Transport continued support and high priority listing of the need for the M21 Limerick-Adare Bypass/N69 Link to Foynes.Shannon Foynes Port’s record investment a key step in transforming estuary into international hub for floating offshore wind generation €28m investment will deliver new jetty infrastructure as well as one of Ireland’s largest logistics buildings A record €28million investment in jetty infrastructure and a port logistics park has been announced by Shannon Foynes Port Company today in a significant step in transitioning the Shannon Estuary into a major international renewable energy supply-chain hub. The unprecedent investment, which is fully and co-funded by Shannon Foynes Port Company and the EU’s ‘Connecting Europe Facility’, will include a significant expansion of quayside area through the joining and infilling of two existing jetties. This will deliver an additional 117m of jetty set down/storage area by linking the existing east and west jetties at the port, substantially boosting existing quayside set down space. Also included in the investment programme is the development of one of the country’s largest logistics buildings in a significant boost to national bulk and unitized freight supply chain infrastructure. The 127,000 sq ft facility will be the key element in a new 38 hectares port logistics park that will have the potential for a future 400,000 sq ft of modern logistics warehousing over the coming decade and a half. Planning permission and foreshore consents for the developments, which amount to the largest ever financial commitment in civil works by the port company, have been secured, with work already underway on the new jetty and associated set down area following construction procurement. Work on the logistics park, which will become the largest building at the Tier 1 international port, will commence in Q3 of this year, with all works completed in the first half of 2024. The Connecting Europe Facility (CEF), which is co-funding the project, is a key EU funding instrument to promote growth, jobs and competitiveness through targeted infrastructure investment at European level. It supports the development of high performing, sustainable and efficiently interconnected trans-European networks in the fields of transport, energy and digital services. CEF investments fill the missing links in Europe's energy, transport and digital backbone. Shannon Foynes Port Company Chief Executive Pat Keating said: “This investment reflects the unprecedented opportunity for the Shannon Estuary and Shannon Foynes Port Company. It represents the next stage of implementation of our investment programme and, importantly, lays the foundation for further required scalable capacity investments to accommodate growth in both the offshore renewable sector and the transport sector. For example, our objective to be the supply chain facilitator for an Atlantic floating offshore wind energy hub and related hydrogen production will be transformational in terms of our climate action targets, our national economy and energy security. “We have some of the most consistent winds in the world off the west coast, the technology now in place to harness those winds through floating offshore wind and, in the Shannon Estuary, the deep and sheltered waters necessary to build the floating devices before they are brought out into open ocean waters. The world’s leading players in this space want to invest here and leading nations, such as Germany, want the green hydrogen we can generate from this almost limitless renewable energy. But for all this to happen, we need to invest heavily in our infrastructure and the plans we are announcing today are significant step in that regard.” Shannon Foynes Port Company’s Offshore Floating Wind Study conservatively estimates that up to €12bn in associated supply chain investment could be located on the Shannon Estuary by 2050, with an opportunity to create up to 30,000 jobs. Spekaing on the significant investment in logistics, John Carlton, Engineering and Port Services Manager at Shannon Foynes Port Company said, “Our new logistics park will be a game changer for bulk and containerised goods in Ireland. There is unanimity around the need to counterbalance and build resilience in the national supply chain and, in keeping with the National Development Plan , a key facilitator of this is to promote regional development by optimising capacity outside the congested east coast. Developing modern logistics facilities at the deep-water port of Foynes provides new logistics solutions for the western half of the country, offering more efficient and sustainable market access for importers and exporters alike by reducing the ton per kilometer travelled.” Shannon Foynes Port Company Chairman David McGarry added: “When we launched our Vision 2041 masterplan in 2013, it was seen as a hugely ambitious strategy, yet we have reached its growth targets. The record investment we are announcing today, which is our biggest single commitment yet, is the latest but a key element of that masterplan.” Ends
21 December 2021
SFPC welcomes Government, Ministers and Department of Transport, multi-port approach for the development of Irish Ports for ORE as outlined in its new Port Policy Statement.
Government sets policy for Ireland’s commercial ports to develop infrastructure to support offshore renewable energy
Policy will encourage ports to apply for EU funding
Timely development as Oireachtas passes the Maritime Area Planning BillThe Department of Transport has published a Policy Statement setting out the strategy for commercial ports to facilitate offshore renewable energy activity in the seas around Ireland. The Policy Statement, noted by Government last week, will also assist Ireland’s commercial TEN-T ports in applying for EU funding to develop new infrastructure. It’s part of a series of Government measures to prepare for a massive expansion of offshore renewable energy, including the passing last week of the Maritime Area Planning Bill. The Programme for Government set a target for 70% of electricity to be generated from renewable sources by 2030 and for 5GW of offshore wind by 2030. The Climate Action Plan published on 4th November 2021 (CAP 21) has since increased the target to up to 80% renewable electricity by 2030. Both plans also set out how Ireland will take advantage of the potential of at least 30GW of floating offshore wind power in our deeper waters in the Atlantic. Given Ireland’s increased ambition in Offshore Renewable Energy and pending a review of overall National Ports Policy, the Department of Transport, in conjunction with the Irish Maritime Development Office (IMDO), conducted an assessment of the options for Irish State ports to facilitate the ORE sector and assist in Ireland achieving its emission reduction targets. On receiving the recommendations of that assessment, the Minister for Transport has decided that a multi-port approach will be required. A number of ports will be required to provide facilities for the different activities at several locations around the country and at different times for the various phases of the fixed and floating ORE developments. This will maximise the economic benefits at both regional and national level in terms of job creation and new SME enterprises in areas such as engineering, fabrication, transport and logistics, and other technologies. With one of the best offshore renewable energy resources globally, there is very significant potential in utilising these resources to generate carbon-free renewable electricity. The development of this vast resource can enable Ireland to enhance the security of energy supply by substituting imported fossil fuels with indigenous renewable resources and, potentially, by developing an export market in green energy, either through electricity export from interconnectors or from power to gas such as hydrogen generation. Greenhouse gas emissions will be reduced, while delivering growth to the economy and supporting regional development. Commenting Minister Ryan said:- ‘Offshore renewable energy developments will typically require both large-scale port infrastructure for project deployment and smaller-scale port facilities to provide ongoing operation and maintenance services. Around the Irish coast, ORE projects will develop in several phases. To meet Ireland’s target of 5GW by 2030, it is clear that more than one port will be required. This will mean new jobs and new businesses in and near our ports, to support the development of offshore wind at various locations, beginning on the east coast and expanding to the west coast at a later stage. This approach is best suited to deliver the offshore renewable energy targets set out in the Programme for Government and the Climate Action Plan 21, and to position Ireland to take advantage of the economic opportunity created by the roll out of both fixed and floating offshore wind in Irish waters. This Policy Statement makes it clear to the offshore industry that the Government is committed to the provision of port facilities in Ireland for ORE developments, and I would encourage our TEN-T ports to apply for the EU funding that has recently been made available for this sector.’ A number of ports and private entities are already progressing plans to provide the facilities and infrastructure required to assist the ORE sector to develop in Ireland. This Policy Statement endorses that development. The plans underway include preparations for the provision of large-scale deployment facilities at Rosslare Europort and at Cork Dockyard facility (formerly Verolme Dockyard) located within the limits of the Port of Cork. Drogheda Port is also proposing developing largescale deep water port facilities on the East coast and Shannon Foynes Port Company and ESB are planning largescale development within the Shannon Foynes estuary. Wicklow and Arklow have already entered arrangements with individual ORE project developers to serve as operation and maintenance bases. It is recognised that there will be opportunities for other ports such as the ports of Waterford, Galway, Bantry under the Port of Cork, and the Fishery Harbour Centres of Ros an Mhíl, Killybegs and Castletownbere which are under the remit of the Department of Agriculture, Food and the Marine. The Department of Transport will establish a ports co-ordination Group to coordinate port responses and maintain policy alignment. A cross-departmental Offshore Renewable Energy Team, chaired by the Department of Environment, Climate and Communications, is being established to capture wider economic and business opportunities associated with the development of offshore renewables in Ireland. This will include the identification of supporting infrastructure development and supply chain opportunities as Ireland’s offshore wind industry is developed. Minister of State Hildegarde Naughton added:- ‘This Policy Statement gives clarity to the ORE sector and ports and I would strongly encourage ORE developers and ports to engage in meaningful commercial discussions. This will ultimately allow investments that are commercially viable in the long-term progress without undermining the ability of any port to meet its primary obligations in relation to the facilitation of international trade. This year, the criteria for Connecting Europe Funding facility (CEF) which is the funding instrument for the EU's Trans-European Transport Network (TEN-T), was extended to allow partial funding for ORE related port infrastructure. This is a competitive process with the possibility of successful eligible TEN-T applicants obtaining significant grant funding of up to 50% of eligible costs for studies and up to 30% of infrastructure works costs. My Department will assist, as appropriate, those applicants that are eligible to put forward applications for studies or works under the CEF calls’. The Ministers also extended their thanks to the Irish Maritime Development Office for their assistance in the assessment process. ENDS
20 December 2021
Shannon Foynes Port Company welcomes Government & The Department of Transport continued support and high priority listing of the need for the M21 Limerick-Adare Bypass/N69 Link to Foynes.
Over Two-thirds of a Billion Euro Allocated to Ireland’s National Roads and Greenways for 2022
Major expansion of Greenway network to be facilitated by funding and a new Code of Practice
National Road projects will prioritise safety, regional connectivity, bypasses and key NDP projectsThe Minister for Transport Eamon Ryan T.D. has today confirmed that Transport Infrastructure Ireland (TII) has issued the Greenways and national road funding allocations totalling €676 million to local authorities for 2022. TII is responsible for securing the provision of a safe and efficient road network and provides annual funding allocations to local authorities for this purpose. TII has also recently been assigned responsibility for Greenways. Funding of circa €60 million has been allocated to around 40 Greenway projects across the country in 2022, in nearly every single county. Significant Greenway investment is being directed at the border counties; Donegal is progressing a number of Greenways and Cavan, Monaghan, Leitrim and Louth are also receiving investment that will see an expansion of cross-border Greenways. Many local authorities are now working together to progress projects in their region. Cork and Waterford are developing a Mallow to Dungarvan route, and Sligo, Cavan and Leitrim are working with Fermanagh and Omagh District Council to develop the Collooney to Enniskillen route. Minister Ryan said: “This funding will also support extensions of the Grand Canal Greenway in Offaly, Kildare and South Dublin, link the North Kerry Greenway to the Limerick Greenway, and join the Waterford to New Ross Greenway with the Waterford Greenway. We are moving into a new and exciting phase when more and more Greenways are being connected, with TII also developing a National Cycle Network.” Minister Ryan continued: “I’m particularly happy that agreement has been reached on a Code of Best Practice for National and Regional Greenways. This Code has been agreed with the farming representative bodies and other stakeholders and provides us with an approved way to achieve voluntary land sales for Greenways where needed. Community buy-in is central to the future of our Greenways, which are one of the big success stories of rural Ireland. Greenways are a wonderful amenity for leisure and tourism, and they are also important for everyday journeys to school, work or the shops” Minister of State Hildegarde Naughton T.D. said “The Galway to Dublin Greenway, a 330km car-free corridor between Galway and Dublin, linking the Atlantic coast to the East coast, has a particularly exciting focus in the funding being announced today. Counties including Meath, Kildare, Westmeath, Offaly will benefit from investment towards this project. Once complete, the Dublin-Galway project will provide both a local and national amenity for communities and visitors to enjoy while also supporting local business such as cafés, shops, B&Bs, camping sites and hotels. “As a Minister based in the West of Ireland, I am also very pleased to see the Connemara Greenway receive a strong funding allocation of over €3 million in 2022. This funding includes the routes between Clifden to Recess (€1.9 million), Galway to Moycullen (€600k) and Derrygimlagh-Clifden-Kylemore Abbey (€550k). I very much look forward to cycling this route, some of which is due to be completed in the second half of next year.” Funding for National Roads Approximately €616m of Exchequer funds have been provided for national roads through TII to local authorities in 2022 (regional and local roads are allocated separately). The 2022 funding allocations are made having regard for the National Development Plan 2021-2030 (NDP), which balances investment in transport against other priorities of Government on housing and health over the lifetime of the Plan. TII is allocating the funding in a manner which seeks to achieve the following key outcomes in line with the NDP:
- Protection and renewal of the existing network.
- Progress major projects in or near construction.
- Progress those projects which are further along in the development pipeline, e.g., the N21/N69 Foynes/Adare project and the M28 Cork Ringaskiddy project.
- Prioritise any remaining funds for projects which provide for local bypasses and compact growth in towns.
- N56 Dungloe to Glenties
- N22 Ballyvourney to Macroom
- N5 Westport to Turlough
- N5 Ballaghaderreen to Scramoge
- M8/N40 Dunkettle Interchange
- N59 Moycullen Bypass
- N69 Listowel Bypass
- M21 Limerick – Adare Bypass/N69 link to Foynes
- M28 Cork to Ringaskiddy
- N6 Galway City Ring Road
- N52 Ardee bypass
- N2 Slane Bypass
- N2 Rath Roundabout to Kilmoon Cross
- N2 Ardee to Castleblayney
- N13/N14/N56 Donegal TEN-T Project
- N3 Virginia Bypass
- N4 Carrick on Shannon to Dromod
- N11 Oilgate to Rosslare
- N17 Collooney to Knock
- N21 Abbeyfeale Relief Road
- N21 Newcastle West Relief Road
- N22 Farranfore to Killarney
- N24 Cahir to Limerick Junction, incl. Tipperary Bypass
- N72/N73 Mallow Relief Road
- N3 Clonee to M50 - to interface to BusConnects
- N11 Bray to Kilmacanogue - bus lane component
- M4 Maynooth to Leixlip - bus lane component
- N/M20 Cork to Limerick Project
- N25 Castlemartyr and Killeagh Bypass
- N26 Foxford Bypass
28 October 2021
SFPC as a member of the Irish Port Safety Forum is proudly supporting & participating in the Irish Ports Safety Week.
1st – 5th November 2021To help us launch our first Irish Ports Safety Week, we have decided to run a colouring competition for all families of SFPC Employees, Port Users, Stakeholders, Tenants etc. How to enter
- The competition is open to children up to 13 years of age.
- Just download & print out the pdf, colour in the page and when it’s complete add your name and age to the back. Click here to download
- You can also drop it to our offices in Foynes/Limerick (we’re open Mon – Fri) or post to the following address
- Please ensure to include the entrants name & the name & mobile no. of your contact within the Port Company on the back of the sheet.
- Competition will close on Friday 19th of November 2021
- Winners will be chosen / notified before Friday 26th November 2021
- By entering this competition you consent to the retention of your data for the duration of the competition(approx. 2 weeks). Thereafter your information will be destroyed. We will not use any contact information for marketing purposes.
11 October 2021Germany’s ‘Green Hydrogen Commissioner’ supports Shannon Estuary’s “incredible opportunity” as an international renewable energy and hydrogen generation hub. Weekend visit to Foynes endorses unprecedented opportunity for estuary and state in ‘green hydrogen’ generation. For full details click here.
27 July 2021
Shannon Foynes Port Company sees out year of unprecedented challenges with solid performance.A strong final quarter and prudent cost management saw the country’s largest bulk-port and second largest port company, Shannon Foynes Port Company (SFPC), deliver a solid performance in the face of COVID-19 and Brexit impacts, its 2020 annual report reveals. The sound underlying operational strength of the company saw tonnage reduction mitigated to just 1.9% year on year, despite the unprecedented challenges arising from COVID-19, which heavily impacted core markets such as the construction and transport sectors. The company reported an operating profit for 2020 of €3.3m (2019: €3.9m) and profit before tax of €3.1m (2019: € 4.9m). Turnover decreased by 7.6% to €12.9m (2019: €14.0m). SFPC’s €1.8m year-on-year reduction in profit before tax was against the backdrop of the 2019 figure including a non-recurring profit on sale of fixed assets of €1.4m, the report notes. The performance was, however, underpinned by robust cash management and cost control measures in response to the pandemic. Accordingly, costs were reduced, as evidenced by returning EBIDTA margin of 42.9% (2019: 43.3%) and reporting EBITDA of €5.6m (2019: €6.1m). Capital spending was also reviewed and deferred in certain instances. In addition, the company, for the first time in its history, is in a net cash position as cash balances now exceed gross debt. In line with the onset of COVID-19, Q2 saw the largest negative impact on related cargoes and throughputs but a final quarter surge, which saw the company exceed performance year-on-year for the same period by 10.1%, resulted in tonnages overall close to parity with 2019. “Given the aforementioned circumstances, we believe this is a solid performance, particularly in the contest of the fixed cost nature of port operations,” CEO Pat Keating stated. Mr Keating stated that Brexit had little or no impact on 2020 performance, with the last-minute Brexit deal bringing certainty and being welcomed by the agricultural sector - an important sector for SFPC. However, it is clear from recent issues around the Northern Ireland protocol that Brexit risks remain, while the energy sector, particularly security-of-gas supply, is directly impacted by Brexit. This is a national issue and confounded by our country’s extensive reliance on electricity generation from gas, he said. Despite the very challenging year, the company remains very much on track with its Vision 2041 strategy launched in 2011. “Since 2011 tonnage at our general cargo terminals, and accounting for the Covid19 2020 contraction, increased by 45%. Over the 10year period from 2010, net assets have increased by 245% to €47.0m (2010: €19.2m), with annual net operating cashflow increasing by over 180% over the same period. Indeed, we are of the view that Vision 2041 projections could be considered conservative in light of projected population growth and climate action requirements.” The port company has, he said, a major role to play in relation to the latter as it is widely recognised by the offshore renewable sector as having significant comparative advantage. “SFPC’s harbour, the Shannon Estuary is a unique natural resource as it is the only waterbody in Ireland and one of the few across Europe that can facilitate the largest ships. With new ship builds trending ever larger this advantage is now becoming much more relevant than heretofore. Accordingly, there exists real potential to develop the Estuary as a maritime deep-sea hub,” he said. Original projections as per the company’s Vision 2041 masterplan could now be considered “on the conservative side of the scale” and among the target areas for growth include organic growth, establishing the Shannon Estuary as an Offshore Renewable Energy (ORE) Hub for floating offshore wind energy, facilitating alternative fuel transhipment/production (Hydrogen, Ammonia, LNG), establishing a logistics and global transhipment hub at Foynes and implementing the Limerick Docklands Strategy. However, key infrastructure required for this to happen will include the Limerick to Foynes road scheme, the need for which “cannot be emphasised enough”, said Mr Keating. Other investments required will include the Limerick to Foynes rail line for freight use; provision by SFPC of new port capacity, including jetty extension, new quay side set down and enabling works for 90 acres of port storage and warehouse facilities; advancement on the Limerick Docklands Strategy. Chairman David McGarry said that the Five-Year Strategic Plan 2021 – 2025, developed last year, has identified capital expenditures totalling €45.5million to develop port facilities. Looking forward, the chairman said that climate action momentum continues to build in favour of the port. “Due to its proximity to the Atlantic Ocean’s wind and wave resources and its many other comparative advantages, the port is very well positioned to facilitate coastal Atlantic offshore energy developments and was strongly supported in this by the sector during 2020. We continue to focus on and facilitate the positioning of the Port as a marshalling port for Atlantic offshore renewables.” Another objective is to implement unitised services from Foynes, with population growth freight demand associated with population growth set to put enormous incremental pressure on the existing unitised supply chain in Ireland. The commencement of new services from/to Foynes will, on completion of the Foynes to Limerick Road Scheme, provide new unitised capacity to the national supply chain within two hours travel time of roughly 40% of the country’s unitised market. “The Port therefore can play an increasing role in moving freight to Europe and beyond and help alleviate the transport congestion around Dublin and redistribute economic well-being throughout the country.” Ends
SFP ECONOMIC IMPACT
economic imPact of all sfpc
port related activity
GENERATED IN REGION
INVESTED IN THE LAST 10 YEARS