Dublin Port to double capacity
A PLAN to double the capacity of Dublin Port over the next three decades would cost between €400m and €500m to implement, according to the chief executive of the facility.
Eamonn O'Reilly made the prediction as Dublin Port tomorrow opens for public inspection a draft masterplan drawn up following an eight-week consultation period earlier this year.
A semi-state body, Dublin Port hopes to have the plan finalised by early 2012 after it receives final submissions over the next two weeks from interested parties.
The port wants to be able to boost its capacity to handle 60 million tonnes of goods a year compared to the just under 29 million that passed through the facility last year.
Despite the economic downturn, the port has experienced growth in exports that has offset a decline in imports prompted by hard-pressed consumers and a sharp reduction in construction activity.
Dublin Port reckons trade levels at the facility will grow by about an average of 2.5pc per annum over the next 30 years.