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19/09/2016
OFMDFM Announce 'Rescue Package' For City Of Derry Airport
The Northern Ireland Executive is to provide a £7 million "rescue package" for the development and growth of the City of Derry Airport.
The Executive will provide up to £2.5m in route development support which will help transform the future of the airport, and a further £4.5m in capital investment, in partnership with Derry and Strabane District Council aimed at creating high-value jobs and training opportunities.
Announcing the funding, First Minister Arlene Foster said: "This £7million package ensures the airport remains a key gateway to the North West for business and leisure travel. The Council also has plans for further development which would bring employment opportunities to the area and we want to act as a catalyst for it to succeed.
"This announcement is part of our plan to help deliver economic prosperity in every part of Northern Ireland. Indeed, the plans to invest in capital works will be a welcome boost to the construction sector in the North-West as well.
"Our package of support will ultimately allow the airport to plan for the future and remain a key part of the transport infrastructure for Northern Ireland."
Deputy First Minister Martin McGuinness added: "Connectivity is a pre-requisite for economic development which made this £7million investment in the City of Derry Airport vital.
"This £7million package will enable the City of Derry Airport to invest in route development and capital projects which will create high value jobs and training opportunities. I have been actively engaged in discussions with the City of Derry Airport and the local council for a number of weeks.
"With Ryanair's withdrawal, having another airline in place is vital for our economic development and I am pleased discussions are at an advanced stage. I am confident this financial backing will enable the airport to not only function but flourish and serve all the people of the North-West and further afield."
(MH/JP)
The Executive will provide up to £2.5m in route development support which will help transform the future of the airport, and a further £4.5m in capital investment, in partnership with Derry and Strabane District Council aimed at creating high-value jobs and training opportunities.
Announcing the funding, First Minister Arlene Foster said: "This £7million package ensures the airport remains a key gateway to the North West for business and leisure travel. The Council also has plans for further development which would bring employment opportunities to the area and we want to act as a catalyst for it to succeed.
"This announcement is part of our plan to help deliver economic prosperity in every part of Northern Ireland. Indeed, the plans to invest in capital works will be a welcome boost to the construction sector in the North-West as well.
"Our package of support will ultimately allow the airport to plan for the future and remain a key part of the transport infrastructure for Northern Ireland."
Deputy First Minister Martin McGuinness added: "Connectivity is a pre-requisite for economic development which made this £7million investment in the City of Derry Airport vital.
"This £7million package will enable the City of Derry Airport to invest in route development and capital projects which will create high value jobs and training opportunities. I have been actively engaged in discussions with the City of Derry Airport and the local council for a number of weeks.
"With Ryanair's withdrawal, having another airline in place is vital for our economic development and I am pleased discussions are at an advanced stage. I am confident this financial backing will enable the airport to not only function but flourish and serve all the people of the North-West and further afield."
(MH/JP)
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