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Investment of EUR 60 Million for the Development of Waterford City, Ireland

Written by: Editor

Businessmen who want to open a company in Ireland can benefit from the investment project that will be concluded in Waterford City. The city will go through a massive investment project in the region of North Quays, with a total value of EUR 60 million, provided by the city’s authorities and the County Council. Our team of specialists in company formation in Ireland can advise on the main construction regulations applied in this country. 
 

Main investment activities developed through the Waterford City project 

 
Under the new development project, the city will benefit from the following:
 
a new pedestrian bridge across the River Suir;
an electronic railway system;
new educational facilities
 
The investments plans also take into consideration the development of residential and commercial sites, with a total value of EUR 300 million
 
The construction investment is expected to receive planning permission in September or October this year, while the construction itself is set to start in the first quarter of the next year. It is important to know that the project may be termined by 2021 (the first phase of the project). 
 
The new construction project was created as a direct need of a solid infrastructure related to river crossings and access to the center of the city. It is important to know that Waterford City is Ireland’s oldest city and the local authorities are trying to create a suitable infrastructure that could attract investments in the following years. Our team of consultants in company registration in Ireland can offer assistance on the incentives available for foreing investors. 
 

Commercial and residential development project in Waterford City

 
As the current projections are showing that by 2040 the population of Waterford City will double, there is a growing interest in building new commercial and residential properties to meet the future demand. In February 2018, the city’s authorities have approved a planning application deposited by an Arabian company, that will create new retail space, offices and various types of facilities, but also apartments and parking spaces
 
Businessmen are invited to contact our team of representatives for in-depth assistance regarding the investment regulations available in Waterford City