John Deasy (Waterford, Fine Gael)
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Question 368: To ask the Minister for Enterprise, Trade and Employment the number of factories in the City and County of Waterford, on which the IDA have long term lease agreements, which are empty; the cost to the State of long-term lease agreements for premises; and if he will make a statement on the matter. [27847/06]

Micheál Martin (Cork South Central, Fianna Fail)
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At present there are 7 vacant properties in Waterford on which IDA Ireland has long term lease agreements. All these premises are located in the Waterford Industrial Estate. These leases, which are 35-year leases, were entered into between 1983 and 1989. The outstanding balance of the leases is 11 years on average. The outstanding amount due on the balance of the leases is €5,195,810. It is hoped that a number of these properties might be occupied or redeveloped during the period, which would have the potential to reduce this amount.