Port of Cork begins work on €80m container terminal in Ringaskiddy

WCN Editorial Team 20 Jun 2018 EUROPE TRANSPORT INFRASTRUCTURE

The Port of Cork, Ireland, has commenced work on the development of an €80m new Cork Container Terminal in Ringaskiddy.

Initially, the container terminal will offer a 360-metre quay with 13-metre depth alongside for larger ships to berth in Ringaskiddy. The project will also include a 13.5-hectare terminal and associated buildings as well as two ship-to-shore gantry cranes and container-handling equipment.

The modern facility is the largest single investment in marine infrastructure and superstructure in the history of the Port of Cork.

It is being funded by the port through Allied Irish Banks, the European Investment Bank (EIB), and the Ireland Strategic Investment Fund (ISIF), and also by including European Union Connecting Europe Facility funds and self-finance.

EIB vice president Andrew McDowell said: “The redevelopment of Ringaskiddy will transform links between Ireland, Europe and the world, support exports by Irish business and create a world-class maritime logistics hub.

“The European Investment Bank is pleased to provide a €30m 18-year long-term loan alongside financing from leading Irish institutions for this crucial investment for Cork and Ireland.

“EIB support reflects the economic benefits and urban redevelopment to be unlocked in the coming years and the importance of ensuring alternative transport routes given export growth and ongoing uncertainties related to Brexit.”

The requirement for new container-handling facilities at Ringaskiddy was identified in the Port of Cork’s Strategic Development plan in 2010.

The new facility will accommodate current and future container shipping, which can be serviced by modern cargo-handling equipment with innovative terminal operating and vehicle booking systems.

BAM Civil, part of the multinational construction group Royal BAM Group of the Netherlands, secured the contract from The Port of Cork.

The Port of Cork expects the container terminal to be operational by 2020.

Port of Cork chairman John Mullins said: “The Port of Cork’s redevelopment at Ringaskiddy is a key growth enabler for both Cork city and region as well as the national economy and will enable the port to deliver more efficient container-handling facilities, replacing the existing container terminal at Tivoli, and securing the Cork Container Terminal as an international gateway for trade well into the future.”

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