The Board of Dublin Port Company has formally endorsed the key conclusion of the recently published Indecon report on the future of Dublin Port which found, after a detailed cost/benefit analysis of seven different scenarios, that the retention of Dublin Port in its present location, together with on-site expansion, would deliver the highest net present value in cost/benefit terms. The Chief Executive of Dublin Port Company, Mr. Enda Connellan, informed the Joint Oireachtas Committee on Transport today of the company’s decision to embrace the challenges of the report’s key conclusion and committed to delivering and securing this economic (net present value) return for the State and all its stakeholders.
The Report by Indecon entitled, “Dublin Port National Development Plan Study” commissioned by the Department of Transport involved “a study of the role of Dublin Port and its future”, taking account of:
Locational considerations
In particular the study examined the cost benefit analysis of various scenarios relating to Dublin Port including:
Commenting on the Indecon report Dublin Port Company Chief Executive, Mr. Enda Connellan said: “The Board embraces the challenges for the Company that this key conclusion presents and commits to delivering and securing this economic (net present value) return for the State and all its stakeholders.
In so doing, the Company has committed to continuing its investment programme to maximise efficiencies by ensuring Dublin Port continues to be the most cost efficient Irish port. These actions will help the drive to restore our national competitiveness, sustain the 4,000 directly supported port jobs in the local economy, protect the €35 billion per annum in trade which flows in and out of the Port, and help grow our €20 billion in exports. All the while its central location saves millions of tonnes in CO2 emissions by virtue of its proximity to the market it serves.”
Date Published: Thursday 22. of October 2009