Hutchison Port Holdings (HPH) has been engaged to develop a master-plan for a $447 million deep-water port project in Ireland, said reports.
The new facility, the Bremore Ireland Port, is located between Dublin and the town of Drogheda, at Bremore Harbour, Balbriggan, north of Dublin.
According to an official statement, “Bremore Ireland Port hopes to be in a position to submit a full planning application in the next 12 months.”
The project is currently a joint venture between Drogheda Port Co and Castle Market Holdings Ltd.
Drogheda Port Co initiated the development in 2002 reportedly as a response to an expected lack of capacity on Ireland's east coast.
The Bremore Ireland Port project has been called the last deep-water port opportunity on the east coast of Ireland.
Officials have previously said that the main goal of the Bremore project is to allow access to large vessels that nearby Drogheda port cannot handle.
When on stream, Bremore Ireland Port will have the deepest berths on the Irish east coast.
There will be facilities to accommodate new short sea shipping services to the UK, Europe, Scandinavia and the Baltic states, handling Lo-Lo, Ro-Ro and passenger traffic.
The project has been planned in three phases, with phase one catering for up to 10 million tonnes of cargo a year.
Castle Market Holdings Ltd., a wholly owned subsidiary of Real Estate Opportunities (REO), was selected as Drogheda Port Co's joint venture partner after an open tender process. REO is managed by Irish property firm Treasury Holdings.
The new facility, the Bremore Ireland Port, is located between Dublin and the town of Drogheda, at Bremore Harbour, Balbriggan, north of Dublin.
According to an official statement, “Bremore Ireland Port hopes to be in a position to submit a full planning application in the next 12 months.”
The project is currently a joint venture between Drogheda Port Co and Castle Market Holdings Ltd.
Drogheda Port Co initiated the development in 2002 reportedly as a response to an expected lack of capacity on Ireland's east coast.
The Bremore Ireland Port project has been called the last deep-water port opportunity on the east coast of Ireland.
Officials have previously said that the main goal of the Bremore project is to allow access to large vessels that nearby Drogheda port cannot handle.
When on stream, Bremore Ireland Port will have the deepest berths on the Irish east coast.
There will be facilities to accommodate new short sea shipping services to the UK, Europe, Scandinavia and the Baltic states, handling Lo-Lo, Ro-Ro and passenger traffic.
The project has been planned in three phases, with phase one catering for up to 10 million tonnes of cargo a year.
Castle Market Holdings Ltd., a wholly owned subsidiary of Real Estate Opportunities (REO), was selected as Drogheda Port Co's joint venture partner after an open tender process. REO is managed by Irish property firm Treasury Holdings.