01/08/2007

Murphy Praises Belfast Port Redevelopment Plan

Regional Development Minister, Conor Murphy, has praised the work of the Belfast Harbour Commissioners during a visit to the Port of Belfast.

The Minister said: “The Port of Belfast is a major economic asset for the North and I am delighted to have this opportunity today to see the scale of the operations and facilities at the Port and to discuss with the Chairman and his management team a number of important issues which are facing the ports industry.”

On July 5, the Port revealed plans for an investment programme up to 2025 totalling £630million. Referring to the recent announcement by the Port on future development plans Mr Murphy said: “I congratulate the Port and Harbour Commissioners on their continued success and on their drive and determination to develop the port as a key economic driver. The future investment plans which the Port has identified as part of their Corporate Plan are a clear demonstration of the Port’s commitment to support the continued growth of our economy.”

During the visit, the Minister toured the Port facilities by boat accompanied by the Chairman of the Harbour Commissioners, Len O’Hagan and Chief Executive Roy Adair.

The Minister also referred to the ongoing Review of Ports Policy, noting: “A successful ports industry is crucial to the success of our economy, not only as the main gateways for our imports and exports, but also as a catalyst for economic regeneration. My overriding aim through the Ports Policy Review is to ensure that we have a thriving and efficient port sector, and a trust port sector which is appropriately accountable for the important public assets it controls. I look forward, in my capacity as Regional Development Minister, to working with all the commercial ports across the North as we consider how to ensure that their full potential is realised.”

The Port of Belfast handles 60% of Northern Ireland’s sea borne trade and is a vital gateway for raw materials, exports and consumer goods for the entire island.

The Port’s 2006-2010 Corporate Plan envisages an investment programme of £140million over this period.

Plans for an investment programme up to 2025 totalling £630million were unveiled in July.

(SP/JM)

Related Northern Ireland News Stories
Click here for the latest headlines.

29 June 2006
Future of Belfast Port in jeopardy
The Port of Belfast could be broken up and stripped of its assets, a report published today has revealed. The news emerged after the publication of a government review of the port's policy, which could pave the way for selling off key parts of the business to private buyers.
05 August 2022
Belfast Distillery Company To Invest £22.3m In Belfast
Ministers have welcomed an investment of £22.3 million from Belfast Distillery Company at Crumlin Road Gaol. The investment includes plans to regenerate the A Wing of the Crumlin Road Gaol into the J&J McConnell's Distillery and world-class visitor experience, and to create 49 new jobs.
07 April 2011
Dublin Port Expansion Planned
The Dublin Port Company has announced a wide-ranging, public consultation process to devise a Masterplan for the long-term development of Dublin Port.
05 June 2008
Assembly 'Crisis' Recedes
This week's offer by the Prime Minister to chair talks with NI's First and Deputy First Ministers at Downing Street on Friday has clinched a deal over Peter Robinson's appointment as First Minister today.
09 July 2008
Record Profits At Belfast Port
Belfast Port has reported record profits for the last trading year. Around £21 billion worth of trade passed through the port, generating pre-tax profits of £22.1 million, making 2007 the port's most successful to date.