It’s the largest investment of any Irish port in the past 100 years and management say the new terminal will position them as an international gateway for trade that will be a key enabler for growth for the regional and national economy.
The company’s current 150 acre site at Tivoli in the city will be redeveloped, with plans for thousands of new homes and a train station.
Chief Commercial Officer of the Port of Cork, Conor Mowlds says it's a huge milestone for the company:
"The Cork Container Terminal is the largest investment in our 250 year history. It’s a pivotal project in our strategic efforts to enhance and future proof our offering which will position Cork as an international gateway for trade. As we begin this exciting chapter in our business’ story, we’d like to thank all those who have supported us in reaching this point.”
