News

Exchequer Funding for Regional Airports

Exchequer Funding for Regional Airports

€5,392,334 will be allocated to the six regional airports to cover a portion of their operating costs incurred in 2011. The 2011 funding will be allocated under the Regional Airports Operational Expenditure (OPEX) Subvention Scheme to the airports at Donegal, Sligo, Ireland West Airport Knock, Galway, Kerry and Waterford.

However, all regional airports are expected to work towards achieving operational viability over the coming years. Because of the need to make the best use of scarce Exchequer resources, Galway and Sligo airports will only receive operational and capital funding for 2011. Ireland West Airport Knock, Kerry Airport, Waterford South East Regional Airport and Donegal Airport will be eligible for funding up to the end of 2014. Ongoing support during this period will depend on the availability of funds.

This 2011 operational funding scheme covers regional airports for a given range of costs arising from core airport services, but only when these costs cannot be fully recovered from their own income.

Capital funding is also being extended to four of the six regional airports until December 2014. Approval was recently received from the European Commission to extend the 2006-2010 Capital Expenditure Grant Scheme and provide €17 million in capital grants over the next three years.

The capital funding focuses on safety and security projects, which aim to ensure that each airport can comply with the latest national and international aviation safety and security standards. Grant aid at 90% is provided for projects designed to meet the requirements of the Irish Aviation Authority, and of the Aviation Security Division in the Department of Transport, Tourism & Sport.

This funding covers a range of projects such as instrument landing systems and other navigational aids, fire-fighting equipment, and runway end safety areas, which are designed to cope with aircraft that overrun or undershoot the runway.

Click to add a comment

Leave a Reply

Your email address will not be published. Required fields are marked *

News

NEIL STEEDMAN has been a trade journalist, copywriter, editor and proofreader for 52 years, and News & Features Editor for ‘Irish Travel Trade News’ for the past 42 years.

More in News

Tourism Ireland’s ‘Big Drive’ for Golf Tourism at IGTM

Michael FloodOctober 18, 2019

Voting for ITTN Awards Extended by One Week

Neil SteedmanOctober 18, 2019

CLIA Announces Line-Up for River Cruise Conference

Michael FloodOctober 17, 2019

Danny Giles Joins Silversea Expeditions

Michael FloodOctober 16, 2019

Last Chance to Enter ITTN+EMIRATES Travel Photographer of the Year

Michael FloodOctober 16, 2019

ITTN’s Great Value Travel Deals – 17th October 2019

Neil SteedmanOctober 16, 2019

Prague Convention Bureau Invites Corporate Buyers to Fam Trip and Workshop

Neil SteedmanOctober 16, 2019

WTM London to Highlight Isle of MTV Malta

Neil SteedmanOctober 16, 2019

Dublin Airport Avoca Store Wins Global Travel Retail Award

Michael FloodOctober 16, 2019

Copyright © 2019 Belgrave Group Limited, C4 Nutgrove Office Park, Nutgrove Avenue, Rathfarnham, Dublin 14, Ireland