The Shannon-Foynes Port Company has been awarded 2.3 million euro in EU funding.
The grant is from the Connecting Europe Facility, which supports projects in the fields of transport, energy and telecoms.
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The funding will support a feasibility study to prepare for future development of a new deep-water berth and associated infrastructure at Foynes Port and examine ways for it to expand into offshore wind energy.
It’s envisaged the development will generate a considerably higher level of freight traffic and enhance connectivity along the North Sea-Mediterranean Corridor.