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Ireland's largest regeneration project at Waterford North Quays has taken a major step forward.
The Waterford North Quays Infrastructure Project will see sustainable access improvements between Waterford's North Quays and the city centre, as well as enabling development at the North Quays' Strategic Development Zone (SDZ).
The government has approved €170.6 million of investment to take the project forward.
The contract for the Waterford North Quays Infrastructure Project is expected to be signed by the end of November. Works are due to commence on the site in March 2023 and be completed in 2025.
This Urban Regeneration and Development Fund (URDF) project's main contract consists of three transport-focused infrastructure sub-projects:
1. An integrated transport hub through relocation of the existing train station and the formation of a new integrated, more central public transport interchange on brownfield sites to the north of the river Suir.
2. A sustainable transport corridor through the construction of a new sustainable transport bridge (facilitating pedestrian/cyclist/public transport). The bridge will link the North and South Quays. It will also create an urban greenway facilitating a connection between the existing Waterford to Dungarvan Greenway and the proposed Waterford to New Ross Greenway.
3. City Centre Access – this project will result in improved site-access roads and bridge structures at North Quays.
Welcoming the decision, the Minister for Housing, Local Government and Heritage, Darragh O'Brien, said: "Today's government decision is good news for Waterford. It enables the largest urban regeneration project in the country to begin, paving the way for Waterford to enhance its offering as an attractive place in which to live, work, visit and invest.
"This investment will create jobs and facilitate a new city quarter with a mix of commercial, retail and tourist offerings and an estimated 300 new homes. The government's National Planning Framework aims to make Waterford a 'Regional City of Scale', driving regional growth. This investment will help achieve that objective. I look forward to working with Waterford City and County Council, the National Transport Authority and others to help transform the North Quays."
Tánaiste and Minister for Enterprise, Trade and Employment, Leo Varadkar commented: "This significant government investment in infrastructure will drive economic development in Waterford and the South-East more widely. The infrastructural project will create jobs and the development of the Strategic Development Zone will enhance the city's economic, commercial and tourist offering and improve the quality of life for people living in the city.
"The government's National Planning Framework is clear in relation to Waterford being a city of regional development, and the growth of the wider region. Today's funding announcement shows we are matching that aim with government investment."
Minister for Transport, Eamon Ryan, added: "I am delighted to support the Waterford North Quays Infrastructure Project which will provide for sustainable transport-orientated development in Waterford city. I welcome the new homes, urban regeneration and sustainable transport infrastructure that will be delivered by the project over the next few years. This includes a new bridge for easier walking and cycling over the River Suir and the movement of the existing train station to a better, more suitable, location. This new hub was identified as a Pathfinder Project by the Department of Transport a few weeks ago, as a shining example of how we need to integrate transport and community. I am pleased to announce that my department is contributing €70 million towards this project, which will be of such benefit to Waterford city and its people."
