Micheál Martin (Cork South Central, Fianna Fail) | Oireachtas source

As the Deputy knows, and as I said earlier, in 2019 the then Government agreed €5 million in funding towards a runway extension project. The estimated cost then was approximately €12 million and that €5 million was contingent on local authority and private investment necessary to complete the project being committed. It said at the time any risks relating to cost escalation would be borne by the non-State investors. The situation has changed now.

Everyone is talking about urgency but the detail remained outstanding until 13 December 2023 when Waterford Airport submitted a capital expenditure strategic assessment report to the Department of Transport. The Department is currently assessing this report, submitted on 13 December last.

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