An €8m private investment which will secure the future of Waterford Airport has reportedly been secured.
Darren Skelton of the Waterford News & Star has reported this morning that a private investment company, as well as the airport’s largest shareholder, Mr. William Bolster, will spearhead funding for the proposed runway extension - which would clear the way for commercial airlines to fly in and out of Waterford.
The balance of the extension cost, €5m is then set to be covered by the Government’s Exchequer Grant - while €2m will come from Waterford, Wexford and Kilkenny Councils.
It’s believed that the plan will be presented to the board of Waterford Airport in the coming weeks.
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More to follow.
