FTA delighted with €500million plus boost to NI transport infrastructure

An imminent €500million plus cash injection into Northern Ireland transport infrastructure will lead to lower fuel costs, quicker journey times and greater overseas investment, according to the Freight Transport Association (FTA).
March 15, 2012 Read time: 2 mins
RSSAn imminent €500million plus cash injection into Northern Ireland transport infrastructure will lead to lower fuel costs, quicker journey times and greater overseas investment, according to the 3934 Freight Transport Association (FTA). Among Government funded investment will be €125.2million for the A8 from Larne to Belfast. The FTA has been a vocal supporter of long-time plans to dual the congested 14km stretch of single carriageway, which is one of Northern Ireland’s most vital trade routes. Tom Wilson, FTA’s head of policy for Northern Ireland, said: “The A8 is a strategically significant trade route, but one which has lacked capacity to cope with the sheer volume of lorries relying on this route to reach Larne Port. "It is an absolutely essential link in our supply chain between businesses on the island of Ireland and large freight hubs in northern England and Scotland. This funding will go a long way to improve Ireland's connectivity and finally make the A8 fit for purpose." The A8 has been the unfortunate setting for many fatal road traffic accidents owing to the lack of safe overtaking opportunities along it. "Typically, slower-moving agricultural vehicles do cause long tailbacks on this road and motorists do take risks when overtaking tractors, combine harvesters and the like," said Wilson. "Dualling will reduce instances of risky overtaking." This week’s announcement by Sammy Wilson, Minister for Finance, will also see €393.5million spent on upgrading the A5, which links the north west of Northern Ireland to Eire. During his unveiling of the transport infrastructure investment plan, Wilson said: "Better roads and infrastructure will not only encourage investment from overseas and overall connectivity, but also mean lower fuel costs and more reliable journey times, giving hauliers, local businesses and motorists alike a welcome boost."

For more information on companies in this article

Related Content

  • EIB backing Irish motorway link
    April 30, 2014
    The European Investment Bank (EIB) is providing financial backing worth €144 million for the new M17/M18 Gort-Tuam motorway project. The M17/M18 Gort to Tuam PPP Scheme is situated in the west of Ireland and will be constructed as a four lane motorway that will replace the existing N17/N18 roads. This new motorway will reduce journey times by around 20 minutes and has an overall cost estimated at €550 million. Construction work will start during this year and this is the second transport PPP to be signed un
    Read More
  • Senior ADB figure urges governments to act on sustainable transport
    September 27, 2013
    Multilateral development banks (MDB) are determined to do all they can to encourage governments of developing countries meet key sustainable transport targets, according to a senior figure at one of the world’s biggest MDB’s. Guy Woodford reports Tyrrell Duncan, Asian Development Bank’s (ADB) director of Transport and Communications Division, East Asia has been at the forefront of MDB efforts to enhance sustainable transport and road safety in developing countries. Speaking during a break in talks at the In
    Read More
  • Golden opportunities in the MINT - Mexico, Indonesia, Nigeria, Turkey
    May 21, 2015
    Mexico, Indonesia, Nigeria, Turkey – Global Report offers up some food for thought about where smart money might be headed within the next several years – David Arminas writes China’s rate of growth may be slowing down, but other South East Asian companies are being quick to offer alternate investment opportunities, notably Indonesia. Nigeria, too, has had issues with security of investment. But there are signs that the government may be getting serious at last about tightening up rules and regulation
    Read More
  • HighwaysUK event being held in London
    November 9, 2015
    Highways planning in England is at a historic turning point. That is the message that former transport minister Steve Norris will be bringing to the HighwaysUK conference at ExCel London, 25-26 November. Norris speaks from a position of some experience having worked at the highest levels in both the public and private transport sectors. He is in no doubt that the recent shake up that has transformed the Highways Agency into Highways England is the start of a new era. He said, “It’s not just a badge chang
    Read More

Highlighted Content