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Your email address will not be published.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

Michelle is Our Sixth Finalist in ITTN+EMIRATES Travel Photographer of the Year Competition

Neil SteedmanNovember 15, 2018

United to Operate B787-10 Dreamliner Between Dublin and New York/Newark

Neil SteedmanNovember 15, 2018

Hotelbeds to Acquire HolidayTaxis Group

Neil SteedmanNovember 15, 2018

J Barter Travel Seeks to Appoint Travel Consultants

Neil SteedmanNovember 15, 2018

Port Miami Welcomes RCI’s Symphony of the Seas

Michael FloodNovember 15, 2018

Air Transat Introduces New Kids Club Livery and Benefits

Neil SteedmanNovember 15, 2018

Stena’s Sarah Goes Extra Mile to Visit Mercy Ship in Africa

Neil SteedmanNovember 15, 2018

WTM London Announces Gold and Silver Winners of World Responsible Tourism Awards 2018

Neil SteedmanNovember 15, 2018

CAR Renews Two Travel Agent Licences

Neil SteedmanNovember 13, 2018

Copyright © 2016 Belgrave Group Limited, C4 Nutgrove Office Park, Nutgrove Avenue, Rathfarnham, Dublin 14, Ireland