Displaying items by tag: Lloyds List

1st December 2010

UK to Cease Funding Irish Lights

Britain is to stop paying towards the cost of funding the Commissioners of Irish Lights (CIL) according to a report in Lloyds List. In an agreement reached between London and Dublin, a formal announcement on the timetable for removing the subsidy is expected shortly.

The Irish Government has agreed to pay for its own lighthouses, buoys and other marine aids to navigation. The UK subsidy is likely to be eliminated during the current parliament if all goes according to plan. That is the pledge made by Mr Penning, UK Minister of Shipping on several occasions in recent months. The phase-out will start in the next financial year.

The total cost of providing these services comes to around £75m ($116.5m) a year, of which Irish Lights accounts for €32m. The UK subsidy to Ireland is between £10m and £12m, with the Irish government contributing some £6m and the balance coming from fees.

All three general lighthouse authorities (GLA) are working on ways to cut costs and improve efficiencies, with a joint strategic board set up to consider how they can work together more effectively.

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Shannon Foynes Port Information

Shannon Foynes Port (SFPC) are investing in an unprecedented expansion at its general cargo terminal, Foynes, adding over two-thirds the size of its existing area. In the latest phase of a €64 million investment programme, SFPC is investing over €20 million in enabling works alone to convert 83 acres on the east side of the existing port into a landbank for marine-related industry, port-centric logistics and associated infrastructure. The project, which will be developed on a phased basis over the next five years, will require the biggest infrastructure works programme ever undertaken at the port, with the entire 83 acre landbank having to be raised by 4.4 metres. The programme will also require the provision of new internal roads and multiple bridge access as well as roundabout access.