End of year boost for Cork with investment announcements and Event Centre progress update

Press Release
December 17th 2021
End of year boost for Cork with investment announcements and Event Centre progress update 
  • €90m investment in Cork-Dublin rail line
  • €14m in Government funding announced for Cork Airport as COVID19 continues to strain the industry
  • Positive development for Cork Event Centre with announcement that final detailed design to be completed
The final quarter of this year has undoubtedly presented many challenges as COVID19 continues to disrupt everyday life, however there is great cause for optimism as 2022 approaches.

A €90 million investment in the Cork-Dublin rail line looks set to cut rail journey times between the two cities as well as creating new jobs. It’s another step in the right direction towards a sustainable future for the rail network after a deal between Iarnród Éireann and French train manufacturing specialist Alstom to acquire new rail stock was also announced this week. It will see 750 new rail carriages (including 95 electric-powered) for Dublin's Dart system in the next three years and it’s hoped the deal could extend to improving the Cork suburban rail in the future.

There was also further positive news for connectivity in Cork yesterday with the announcement of €14 million in funding for Cork Airport as part of an overall support package of €108 million for Irish Airports. Economic recovery is high on the agenda for 2022 and maintaining and strengthening Cork’s international connectivity will be critical to the region’s success.

Conor Healy, CEO at Cork Chamber commented: “This week’s funding announcements couldn’t come at a better time as we look towards recovery in 2022 by increasing the attractiveness of the Cork region and what it has to offer. It is very positive to see further support being announced for Cork Airport which is a key driver of the economy here in Cork and in the wider region.
 
“It’s also vital that the rail link between Cork and Dublin is strengthened and cutting the journey times between these two major cities will be critical to achieving this goal.” he added.
 
As we look towards 2022 and progress on the National Development Plan and CMATS, the future looks positive for Cork. The highly anticipated Event Centre certainly adds to that vision, and it is very encouraging to see confirmation this week that the project has advanced to final detailed design and that is expected to be completed in the third quarter of next year.
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