CIF calls for creation of Cork regeneration fund

CIF calls for creation of Cork regeneration fund

Ship Street and Penrose Quay, Cork City. The construction sector in the Cork region accounts for over 12% of the output of the industry. Picture: Larry Cummins

THE Construction Industry Federation has called for the establishment of a regeneration fund for Cork City Council that is multi-annual, similar to regeneration funding in other cities.

In a wide-ranging manifesto, it called for the reduction of what it terms the taxation burden on landlords, so more investment can take place in units for rent, thereby raising supply.

The group has called for “frivolous objections” to developments to be stopped, by enacting the Housing and Planning and Development Bill 2019. Its manifesto says it is estimated the construction sector in the Cork region accounts for over 12% of the output of the industry and employs about 20,000 people.

It says commencement dates and project timescales are vital for a number of projects, including the Event Centre, Cork City Flood Defence Scheme, a fast-track light rail in Cork City, and the N8/N25 Dunkettle Interchange.

It has also highlighted the M28 Ringaskiddy road as needing to be fast-tracked, while it also believes “constructing the M20 would be the greatest signal that any government could give that it is serious about creating a real economic engine that can act as a counterbalance to the over-congested Dublin region.

“This motorway must be in line with the original route selected as that route is the most sustainable route directly linking Cork City and Limerick City, airports, universities, ports and employment districts,”the manifesto added.

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