Oireachtas Joint and Select Committees

Wednesday, 19 April 2023

Joint Oireachtas Committee on Transport, Tourism and Sport

Shannon Foynes Port Company: Chairperson Designate (Resumed)

Mr. David McGarry:

Thank you very much. It has been a very interesting journey. This is a long-term project. The port is an essential part of the economic fabric of the region. One cannot think about ports in the short term so I would be saying to an incoming chairperson and to the existing board that one has to have a very clear strategy and vision for the port and one must stick to that. It is important to review and update the strategy every five to ten years. One must stand back and look at what is changing and be very mindful of change. Climate change, for example, is a massive issue that was not really talked about five years ago. Now it is really on the agenda. One must have a very clear vision and goal. The goal is to put the port in a position whereby, despite its small balance sheet of €60 million, it can invest €500 million into its facilities to untap the potential that exists. The port must put itself in a strategic position and focus on each of the building blocks needed which include the planning permission, the grid connections, the right policies and the knowledge to tap into the financial solutions. The port must work with all of the various stakeholders to create a consensus. That is essential to unlock what is there. One must be clear about the big picture.

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