Emergency funding to assist Waterford Airport with ongoing operational costs
Waterford Airport is set to receive emergency funding of €375,000 to assist with ongoing operational costs, according to Minister of State John Halligan.
The funding is being allocated by the Department of Transport, Tourism and Sport to assist with the day-to-day running of Waterford Airport and follows a separate emergency funding allocation of €375,000 last January.
“As people are aware, Waterford Airport is not eligible for its operational funding for 2018 from the Department of Transport as it has not had commercial flights since mid-2016. A development plan which includes a runway extension has been submitted to the department by Waterford Airport and the board of management has secured private investment of €5 million for the proposal, with matched funding sought from Government. Further information has been requested by the Department of Transport on a number of aspects of the proposal and Waterford Airport is currently in the process of compiling this.
“In the interim, this emergency funding will ensure Waterford Airport can continue to facilitate the Irish Coast Guard station (Rescue 117), as well as the recently announced Atlantic Flight Training Academy Irish pilot training and recruitment base, which will train up to 450 cadets at Waterford Airport over the next five years,” he added.