Shannon Airport emergency funding of €6m to complete a project that was stalled due to Covid-19.
Shannon Airport to receive €6m in emergency funding
The €6.1m grant was agreed at a Cabinet meeting in Dublin earlier today and will be used to complete a project that was stalled as a result of the Covid-19 outbreak.
Shannon Group has welcomed the announcement of the one-off €6.1m government grant to complete the necessary Hold Baggage Screening capital project at Shannon Airport.
Welcoming the announcement, a spokesperson for Shannon Group said: “The €12 million Hold Baggage Screening project at Shannon Airport was halted halfway through construction due to funding constraints as a result of the COVID-19 pandemic, and the €6.1 million Government grant to ensure its completion is very welcome.”
However, the spokesperson added: “The project completion is necessary to meet regulatory standards and to ensure business continuity for our outbound baggage systems, it will not generate any commercial return for the airport.”
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Independent Clare TD Michael McNamara said: “The Government’s announcement of €6.1m in emergency funding for Shannon Airport is good news. I look forward to Shannon Group management outlining how it intends to invest the money. This funding could support the development of a new service from Shannon to a European hub.
Any funding from central Government can never compensate for a lack of balanced aviation policy, as I have argued for repeatedly in Dáil Eireann in recent months. Shannon needs a leg-up from the next Government more than it needs a hand-out.”
“This emergency funding announcement is a drop of rain in a drought in the context of Shannon Group’s capital investment plans and its outstanding debts. For example, Shannon Group must invest in excess of €6m in its Shannon Heritage properties and fund a €9.7m baggage screening upgrade in the near future, as well as repay a €10m loan to the State for its runway upgrade,” Deputy McNamara added.
Deputy Joe Carey said: “This is a hugely welcome development for Shannon Airport, especially in light of recent developments as a result of the pandemic. The airport faces significant challenges, and this funding will provide an important lifeline to Shannon as it prepares to reopen on a 24-hour basis from July 1st.”
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