AN allocation of €870,000 has been announced for Waterford Regional Airport by Minister for Transport, Tourism and Sport, Shane Ross. It is part of an overall allocation of €2.7 million in funding support for the four regional airports in Donegal, Ireland West Airport Knock, Kerry and Waterford.
The Waterford funding, however, will only be confirmed when the resumption of scheduled passenger services has been secured by airport authorities. The airport authorities in Waterford are in discussions with a number of airlines with a view to securing a replacement carrier for VLM Airlines which filed for bankruptcy protection in Belgium in June.
The Exchequer grant allocations are being made under the Regional Airports Programme 2015-2019, which was approved last year by the EU Commission and administered by my Department. The funding is aimed at assisting with capital investment on various projects at the four regional airports over the coming months in the areas of safety and security such as CCTV monitoring equipment, repairs to taxiways, aprons and perimeter roads, upgrades to electrical systems and winter-ready equipment.”
In the case of Waterford it is envisaged that when the money is drawn down it will be used in part toward acquiring properties by way of compulsory purchase as a first step towards the runway extension.