A leading representative for the European Commissionโs programme that funds major EU transport infrastructure projects has said that Shannon Foynes Port Companyโs current investment programme (SFPC) is taking it in the right direction in a post-Brexit EU.
Professorย Pรฉter Balรกzs, European Coordinator for the North Sea-Mediterraneanย Core Network Corridor, was welcomed at Foynes by SFPC CEO Pat Keating, Minister of State for Tourism and Sport Patrick OโDonovan,ย MEP Deirdre Clune, while MEP Sean Kelly was also represented by his PA Honor Hughes.
Referencing Shannon Foynes Port Companyโs progress, Professorย Balรกzsย said: โI am impressed by the developments. I can see since my first visit here more than two years ago the progress, and I am convinced that Shannon Foynes has obvious opportunities.
โOne is the deep water access, which is a privilege for a seaport to have.ย The deep water is important because of the growing size of ships.ย Shannon has a natural advantage because many other ports within the corridor I am in charge of are investing big amounts in deepening their waters. Shannon has it natural so it has to be very pleased with that.
โAnother advantage for Shannon is the very high market share of this port in Ireland. A third advantage is the long term strategy of the port as it has concrete plans out to 2041.ย This is an excellent idea to get political support and the confidence from business circles and, of course, co-financing from the European Union.โ
Speaking of the Brexit implications for transport, he said: โThe situation will change because of Brexit and we donโt know yet at this very early stage what will be the framework conditions for the United Kingdom. But I am confident that any form of free trade arrangement between the UK and the rest of the EU would not affect the trade for here.”
Professor Balรกzs said that while it is too early to predict what will flow from Brexit discussions, there will be some changes in financing.ย โI can only hope that we can maintain the integrity of the existing North Sea Mediterranean Corridor, which had included for the first time in history the UK into an EU based transport project.ย ย Of course some conditions of co-finance will change for the UK, not for Ireland. But this is a good opportunity to reconsider some fundamental questions, including the corridor alignment for the Irish territory and I would be very much in favour of extending the scope of the corridor in Ireland. This depends on the approval of all the EU member states and institutions but we can take some initial steps in that direction.โ
Said SFPC CEO Pat Keating, โThis is Mrย Balรกzsย second visit to Foynes in three years and he very much sees the opportunity that exists, an opportunity of significance from a regional perspective here in Ireland but also of significance from a European perspective.
โThe port authority facilitates โฌ7.6bn of trade on this part of the island of Ireland and is one of only three ports in the country designated as a Trans-European Transport Networks EU (Ten-T) status.ย ย But given our location at the gateway to the worldโs busiest shipping lane and the natural depths of the estuary, which can handle the largest ships in the world, SFPC has opportunity on an international scale.โ
The North Sea-Mediterraneanย Core Network Corridor stretches from Ireland and the North of the UK through the Netherlands, Belgium and Luxembourg and onto the Mediterranean Sea in the south of France.
