Waterford senator says government will make North Quays announcement 'within weeks'
A “substantial” Government funding announcement backing the transformative North Quays regeneration will be made in the coming weeks, paving the way for the most significant development in the city’s history, according to Waterford Senator Paudie Coffey.
Senator Coffey said the €300 million North Quays project, which will bring thousands of new jobs to Waterford, will be “the catalyst” for a whole series of positive developments that will “sustain our population and region for generations to come.” The contracts for the development were signed last week.
The Waterford Fine Gael General Election candidate said: “We cannot underestimate the significance of this milestone for the Waterford city and county and the wider South East region."
“These developments pave the way for progress towards a detailed planning application that I hope will engage the public and unveil an ambitious and transformative development that will, I believe, be the catalyst for Waterford city to restate itself confidently for generations to come," he added.
“I look forward to a substantial Government funding announcement in the coming weeks that will kick-start the regeneration of our ancient port to provide critical enabling infrastructure that will connect the North Quays to Waterford’s historic city-centre.”
"Last Friday Waterford City and County Council confirmed an agreement has been signed with the European arm of Saudi retail giant Fawaz Alhokair Group to redevelop the North Quays site."
An Bord Pleanála has approved compulsory purchase orders for lands required for the redevelopment project. The redevelopment of the brownfield site will include a shopping centre, office space, a hotel, and other commercial facilities, totaling over 90,000 square metres.
Senator Coffey, who played a key role in getting the North Quays site designated as a Strategic Development Zone (SDZ) during his time as Minister of State for Housing, Planning and Local Government, said the project will radically transform the city centre and will drive unprecedented growth throughout Waterford and the South East over the next decade.
“I firmly believe Waterford’s time has come and that we are on the cusp of great historical and transformative change in our city which can only be for the better,” Senator Coffey added.
“A mixed development of high-quality retail, office space, public realm, marina and housing on the North Quays, for so long a visceral, derelict reminder of stagnation in Waterford, is the stimulus the city has been waiting for."
“I have been privileged to play my part in bringing this fantastic project to the stage – now we just need to see the final stages coming together and to witness the physical manifestation of a new Waterford city emerge before our eyes that will sustain our population and region for generations to come," he concluded.