19 May 2022

€6m in emergency funding confirmed for Shannon Airport

€6m in emergency funding confirmed for Shannon Airport

The Government has approved €6.1m in emergency funding for Shannon Airport

THE Government has approved the allocation of €6.1m in emergency funding for Shannon Airport as it prepares to fully reopen from next week.

The emergency funding was sanctioned at a Cabinet meeting which was held at Dublin Castle this Thursday evening.

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.”

Limerick city TD, Kieran O’Donnell has welcomed the allocation of the funding.

"Shannon Airport is a key economic driver for the region and Ireland, with it’s activities being exponentially impacted by Covid-19. This funding will assist Shannon Airport in dealing with the challenges ahead as it moves into post Covid-19 take-off mode," he aid.

While welcoming the funding, Clare TD Michael McNamara says more government support for Shannon is needed – given the impact of Covid-19 on the airport.

“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,” he said.

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