The work will enhance the town centre by improving accessibility, creating a more pedestrian friendly urban environment and providing a safe and attractive place for people to live and work.
Minister Ritchie said: "These improvements will be a boost for Portadown town centre making it more appealing to tourists, residents and businesses alike. I am pleased the funding has been confirmed and look forward to work commencing later in the year."
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The total funding package of £5.3 million also includes a £3.1 million contribution from the OFMDFM/DFP Integrated Development Fund. Craigavon Borough Council are contributing over half a million pounds to the scheme with DRD Roads Service contributing £100,000.
Craigavon Borough Council will lead the delivery of the public realm scheme, guided by a steering group consisting of elected members and representatives from Portadown 2000, Translink, Planning Service, Roads Service, NI Water and the Department for Social Development.
"These are exciting times for Portadown and this investment will transform the town centre to the benefit of all," commented Alderman Stephen Moutray, Chairman of Development Committee, Craigavon Borough Council.
The scheme is an integral part of the Portadown Development Framework which is currently being delivered by Portadown 2000 and its partners.
(VB/JM)
