Drogheda project hopes to survive choppy waters
An ambitious plan to build a new €350m deepwater port in Drogheda harbour is pressing onwards despite the economic downturn, writes John Burke, Public Affairs Correspondent
It was a boom time project that could easily have been scuppered by the downturn, but the backers of Drogheda Port Company’s ambitious plan for a new deepwater port seem undeterred by the recession.
The €350 million joint venture between the port company, Treasury Holdings and Hong Kong firm Hutchison Whampoa is firmly on the agenda after getting a positive appraisal earlier this month from the new transport minister, Leo Varadkar.
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