Written answers

Tuesday, 21 February 2017

Department of Transport, Tourism and Sport

Drogheda Port Company

Photo of Imelda MunsterImelda Munster (Louth, Sinn Fein)
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603. To ask the Minister for Transport, Tourism and Sport if his Department has allocated, or plans to allocate further funding to the Drogheda Port Company's stevedoring subsidiary in 2016 and 2017; if a provision is proposed against this investment; if the other shareholder will match the port's investment in the subsidiary; and if he will make a statement on the matter. [8307/17]

Photo of Shane RossShane Ross (Dublin Rathdown, Independent)
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​I wish to advise the Deputy that no funding has been allocated to Drogheda Port in 2016 or 2017 for any activity. National Ports Policy 2013 clearly outlines that all ports must operate on commercial basis without recourse to the Exchequer. There is no State funding for any port company. The funding by Drogheda Port Company of its subsidiary is a matter for the company.

Photo of Imelda MunsterImelda Munster (Louth, Sinn Fein)
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604. To ask the Minister for Transport, Tourism and Sport the status of the future of Drogheda Port Company's stevedoring subsidiary, which is understood to be part owned, to the tune of 50%, by a British group in view of Brexit; and if he will make a statement on the matter. [8308/17]

Photo of Shane RossShane Ross (Dublin Rathdown, Independent)
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​I wish to advise the Deputy that Fast Herco Ltd, a UK registered company, holds a 50% stake in Drogheda Port Company's stevedoring subsidiary, Fast Terminals Ltd. Drogheda Port Company has advised that it does not see Brexit as having an adverse impact on this shareholding.

Photo of Imelda MunsterImelda Munster (Louth, Sinn Fein)
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605. To ask the Minister for Transport, Tourism and Sport if his attention has been drawn to the fact that the Drogheda Port Company has not yet published annual audited accounts for the years 2014 and 2015; the way these reports can be obtained; and if he will make a statement on the matter. [8309/17]

Photo of Shane RossShane Ross (Dublin Rathdown, Independent)
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​Drogheda Port Company Report and Financial Statements for the year ended 31 December 2015 are  available on the Drogheda Port Company website. Annual reports and accounts of all port companies are required to be laid before the Houses of the Oireachtas, when approved by Government. This has been done for the years in question. All laid documents, including the Drogheda Port Company accounts, are available to view on the Oireachtas website .

Photo of Imelda MunsterImelda Munster (Louth, Sinn Fein)
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606. To ask the Minister for Transport, Tourism and Sport if his attention has been drawn to the building of a warehouse by the Drogheda Port Company on its property in Drogheda; the property which has been acquired by Drogheda Port Company since 2010; if this property is for the use of the port's 50% subsidiary (details supplied); and if he will make a statement on the matter. [8310/17]

Photo of Imelda MunsterImelda Munster (Louth, Sinn Fein)
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607. To ask the Minister for Transport, Tourism and Sport his views on the rationale for Drogheda Port Company's investment in property since 2010, the way this investment might have altered the competitive position of stevedores within Drogheda port; if the Drogheda Port Company should have targeted investment on refurbishing the training walls at the mouth of the Boyne to improve navigation; and if he will make a statement on the matter. [8311/17]

Photo of Shane RossShane Ross (Dublin Rathdown, Independent)
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I propose to take Questions Nos. 606 and 607 together.

Drogheda Port Company is one of eight State commercial port companies established and operating pursuant to the Harbours Acts 1996-2015. The Minister for Transport ,Tourism and Sport is the principal shareholder in the port company and his relationship with the company is governed by both the Harbours Acts and the Companies Act.

As a limited liability company, the port is responsible for the management, control, operation and development of its harbour and is directly answerable to its Board of Directors. As ports operate as commercial companies, I am not involved in day to day operational issues in any port company.

Decisions by Drogheda Port Company in relation to the acquisition or disposal of land or buildings, remedial works and capital infrastructure are matters for the Board.

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