THE Port of Dublin plans to speed up annual throughput growth from 2
THE Port of Dublin plans to speed up annual throughput growth from 2.5 per cent to 3.3 per cent over the next 20 years, expecting higher volumes on a 'smaller footprint' by using an inland container depot. 'The port's first half container volumes increased by 5.8 per cent to 356,000 TEU,' said state-owned Port of Dublin Company CEO Eamonn O'Reilly.
'In the first half, roll-on, roll-off increased by 4.6 per cent year on year to 508,000 units, signaling the likelihood that volumes for the full year will pass the one million,' he said.
'Where we had been planning to invest EUR600 million [US$702.4 million] in the decade to 2027, we now know we need to spend EUR1 billion if we are to continue to provide capacity for our customers,' Mr O'Reilly said.
'Our investments match those of the major shipping lines such as Irish Ferries, Stena Line and CLdN, all of whom have already or will shortly introduce new larger ships on services between Dublin and both the UK and Continental Europe.'
The port can achieve higher throughput on a smaller footprint, he said, because of development of an inland port, 14 kilometres away to open next year. While Dublin Port is located on a peninsula on the north of the mouth of the Liffey, the Poolbeg juts out from the south side.
