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New Economic Strategy For Dublin

 

Updated : Jul 30, 2009

Plans for a terminal allowing massive cruise liners to dock in Poolbeg are included in a new economic strategy for Dublin.

Published today, the Economic Development Action Plan for the Dublin City Region outlines a framework for jobs and revenue growth in the capital.

And one of the objectives of the strategy is to produce a local action plan by June 2011 for the development of the cruise terminal the Herald reports.

Dublin City Council would take the lead role in the project, with assistance from the Dublin Docklands Development Authority and the Dublin Port Company.

A record 83 cruise ships carrying a total of more than 75,000 passengers are due to dock in Dublin Port this year.

The arrival of the ships will generate up to €55m for the local economy.

The first big liner -- the $450m (f317m) Grand Princess, which accommodates more than 2,500 passengers -- reached the port in April.

This year's expected figure would be a significant increase on the 70 cruise liners which docked in 2005.

A new terminal would allow a greater number of the liners to arrive in Dublin.

Another element of the economic action plan is to encourage the development of high density residential and business "clusters".

"There is considerable potential for Dublin to have a larger population and a higher quality of life, if the benefits of higher density are brought on stream to replace the costs of urban sprawl," the document states.

"A larger and more compact population will in turn make it easier to develop knowledge intensive services, manufacturing and a greener regional economy," it adds.

The document was drawn up by the capital's four local authorities as well as the umbrella group the Dublin Regional Authority. The report highlights Dublin's attractiveness to investors and tourists.

"Dublin is the sixth most popular city region in Europe for city breaks. Dublin is by a considerable margin the main tourist attraction in Ireland. More than 4.3 million overseas visitors came to Dublin in 2008 and that resulted in tourism-generated revenue inflows of €1.5 billion," it says.

The report adds: "In 2009, Dublin dropped out of the world's top 20 most expensive cities due to falling rents and the weakness of the euro.

"The Worldwide Cost of Living Survey (2009), conducted by consultants Mercer, ranked Dublin as the 25th most expensive of 143 cities, a drop of nine places since 2008."

Dublin's Lord Mayor Emer Costello said: "Businesses primarily locate in cities and their competitiveness is determined by the performance of the city, by the quality of its infrastructure, its development capacity and the mix of skilled and talented people.

"This action plan will help to position Dublin internationally in a manner that benefits Dublin economically.

"This project is the first of its kind in the region and offers stakeholders a powerful set of tools to identify trends and act on them."

 

 

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