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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