THE Dublin Port Company plans to transfer more than 10.5 hectares of land at Bull Island into public ownership.
The company said the land would be transferred to the city council as the community gain element of a massive redevelopment of the port.
The land, located near the Royal Dublin golf club and at the western side of the island near North Bull Wall, is currently used for recreation and provides access to Dollymount Strand through a wooden bridge.
Bull Island was originally created following port engineering works in the 1800s, including the construction of the Great South Wall and North Bull Wall.
The port company also said it will also provide funding towards the cost of a feasibility study for an interpretative centre at the UNESCO site.
Some €1.2m in total will be provided, which will include funding for the feasibility study, a master plan and new facilities for Bull Island.
“I commend Dublin Port for this initiative and for its ongoing contribution to the city both as an economic force and as the custodian of our river and bay," Minister for Transport, Tourism and Sport, Leo Varadkar said.
"Dublin Port's gift to the people of Dublin will be welcomed by all and remembered for generations.”
The port company plans to seek permission for new and deeper berths in the Alexandra Basin and on the river towards the east of Dublin Port as part of a masterplan for the area out to 2040.
The project will cost €150m. The company has dropped plans to reclaim land from the sea to facilitate future development.
Transferring land to the city council constitutes the community gain element of the project.
Eamonn O’Reilly, Chief Executive, Dublin Port Company said: “Dublin Port Company has a long tradition of developing and supporting projects which benefit local communities, the City of Dublin, its citizens and visitors.
"The Bull Island community gain initiative is an important element of our first major Masterplan project. This project will deliver more than 3kms of new deeper berths for passenger, freight and cruise ships, all within the Port’s existing footprint."
Some 100 cruise ships will call to Dublin this year, carrying more than 150,000 visitors.
Dublin city manager Owen Keegan said that ongoing conservation of wildlife on the island would be strengthened by the partnership with the port company.
Dublin Port Company is encouraging the local and wider Dublin communities to share their views on the ‘community gain’ proposal for Bull Island by October 18 next.
Details of the project are at www.dublinportabr.ie, and submissions can be made by email at email@example.com or by writing to Charlie Murphy, Dublin Port Company, Alexandra Road, Dublin 1.