Waterford Airport Revival: €30m US Investor Bid Decision Looming
- Waterford Airport (WLR), located in Killowen, County Waterford, Ireland, has been largely dormant as 2018, following the collapse of Stobart Air, which operated regional flights.
- The approved business plan outlines a phased approach to the airport's redevelopment.
- The airport's runway requires important repairs to meet current safety standards.
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Waterford Airport Revival: A Detailed Look at the New proposal and Council Vote
What’s Happening with Waterford Airport?
Waterford Airport (WLR), located in Killowen, County Waterford, Ireland, has been largely dormant as 2018, following the collapse of Stobart Air, which operated regional flights. A new proposal is currently under consideration by Waterford city and County Council to revitalize the airport, aiming to restore commercial air services and boost regional connectivity. The council voted on October 16, 2023, to approve a business plan for the airport’s redevelopment as reported by Waterford News.
The Proposal: Key Components and Projected Costs
The approved business plan outlines a phased approach to the airport’s redevelopment. Key elements include runway rehabilitation, terminal upgrades, and the establishment of new air traffic control systems. The initial investment is estimated at €12 million, with the goal of attracting regional airlines to operate routes to the UK and potentially mainland Europe. Waterford News details the financial breakdown, noting that funding will be sought from a combination of public and private sources.
Runway Rehabilitation
The airport’s runway requires important repairs to meet current safety standards. This includes resurfacing and strengthening to accommodate larger aircraft. The estimated cost for runway work is approximately €5 million.
Terminal Upgrades
The existing terminal building needs modernization to improve passenger experience and operational efficiency. Proposed upgrades include new check-in counters, security screening equipment, and passenger waiting areas. The terminal upgrade is projected to cost around €4 million.
Air Traffic Control
A modern air traffic control system is essential for safe and efficient flight operations. The plan includes investment in new radar technology and communication systems. This is estimated at €3 million.
The council Vote: Breakdown and Reactions
on October 16, 2023, Waterford City and County Council voted 34 to 13 in favor of the airport redevelopment business plan. According to Waterford News,the vote followed a lengthy debate,with supporters emphasizing the potential economic benefits and increased tourism. Opponents raised concerns about the financial viability of the project and the potential burden on local taxpayers.
Councillor John O’Leary,a vocal supporter of the plan,stated that the airport’s revival is ”crucial for the economic future of the region.” Councillor Liam Walsh, who voted against the plan, expressed reservations about the projected passenger numbers and the reliance on public funding.
Economic Impact and Potential Benefits
Proponents of the airport’s redevelopment argue that it will generate significant economic benefits for the Waterford region. These include:
- Increased Tourism: Easier access for tourists will boost the local hospitality sector.
- job Creation: The airport itself will create direct employment opportunities,and the increased economic activity will lead to indirect job creation.
- Business Investment: Improved connectivity will attract new businesses to the region.
- Regional development: The airport will serve as a catalyst for broader regional development.
A study commissioned by Waterford City and county Council