BAM has been awarded the construction contract for the project, which will see the development of new integrated transport hub and sustainable transport bridge as well as enhanced multi-modal access infrastructure.
Earlier this month the Government approved €170.6m investment to facilitate access to the North Quays Strategic Development Zone.
The funding announced will deliver the public infrastructure that will serve both the SDZ site and the public, with works on site expected to commence in early 2023 and be completed in 2025. The construction of the North Quays infrastructure is expected to create 200 jobs.
Mayor Of Waterford City and County, Cllr John O'Leary said: "This is an exciting day for Waterford and the region. It's a day that we are another step closer to realising the vision of the North Quays development.
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"We are very much looking forward to collaborating with a contractor of BAM's calibre in the delivery of a transformative project that will copper-fasten Waterford's economic, tourism and sustainable development, by creating a compact and vibrant core centred on the river."
Alasdair Henderson, Executive Director, BAM Ireland commented: "BAM is delighted to be awarded the contract for this transformative infrastructure scheme for the people of Waterford.
"Our team looks forward to delivering these works which will have a lasting positive impact on the city and environs, enhancing sustainable connectivity and public amenities for residents, businesses, and visitors alike."
The overall public infrastructure project also includes contracts for enabling and ancillary works which are either complete, ongoing or in development. These works include demolition, site clearance, utility diversions, rock slope stabilisation, drainage & flood defence works, and footpath widening.
The infrastructure will enable the commercial development on the SDZ Site, which will include offices, residential, retail, accommodation, and tourism investment in conference/exhibition facilities, as well as a 4-star hotel and visitor's centre.
The commercial development of the site will be carried out by Harcourt Developments, a Dublin-based property development and management company with a broad portfolio of award-winning projects, including Belfast's Titanic Quarter, Park West Plaza and numerous shopping centres throughout the country.
