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Cabinet officials

Landmark Day for Waterford North Quays Project as €170m Government Funding Supports Major Regeneration

Strategic Insights

— 2 min read

Minister for Housing, Local Government and Heritage, James Browne TD, visited Waterford to view progress on the North Quay Public Infrastructure Project, a €170m initiative supported by over €100.6m from the Department of Housing, Local Government and Heritage's Urban Regeneration and Development Fund (URDF) and €70m from the National Transport Authority. The project will deliver 350 new homes, a 160-bedroom hotel, retail units, public plazas, and a riverside walk. The sustainable transport bridge will act as a catalyst for the wider project and the SDZ development, having a significant impact on economic development across Waterford and the South-East.

Key Takeaways:

  • The North Quay Public Infrastructure Project is supported by over €170m in Government funding, with €100.6m from the Department of Housing, Local Government and Heritage's Urban Regeneration and Development Fund (URDF) and €70m from the National Transport Authority.
  • The project will deliver 350 new homes, a 160-bedroom hotel, retail units, public plazas, and a riverside walk.
  • The sustainable transport bridge will act as a catalyst for the wider project and the SDZ development, having a significant impact on economic development across Waterford and the South-East.
  • The first phase of the SDZ is due to commence later this year, with 200 people employed during construction and upwards of 1,500 jobs to be created following completion of phase one.
  • The fast-tracking of integration works as part of construction of the Strategic Development Zone (SDZ) will facilitate the opening of the bridge to the public in Q4 2026.
  • The direct benefit to Waterford of the investment in the SDZ Site is anticipated to be in excess of €350m over the next six years.

Statistics:

  • €170m in Government funding supports the North Quay Public Infrastructure Project.
  • €100.6m from the Department of Housing, Local Government and Heritage's Urban Regeneration and Development Fund (URDF) contributes to the project.
  • €70m from the National Transport Authority supports the project.
  • 350 new homes will be delivered as part of the project.
  • A 160-bedroom hotel will be built as part of the project.
  • Retail units, public plazas, and a riverside walk are also part of the project.
  • The project will create upwards of 1,500 jobs following completion of phase one.
  • 200 people will be employed during construction.

Sources:

  • "North Quay Public Infrastructure Project Update." Waterford City & County Council, 23 May.
  • "Government Funding Supports Major Regeneration in Waterford." Government of Ireland, 23 May.
  • "Waterford North Quays Project." Department of Housing, Local Government and Heritage, 2023.

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