Head of Council rejects EIB loan request to finance access to Drogheda port / northern cross road
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Joan Martin urged advisers to have confidence in her in carrying out the project
The chief executive of Louth County Council has ruled out asking the European Investment Bank to finance the Northern Cross / Port access road to Drogheda.
At the monthly local authority meeting, Joan Martin told councilors that she has been actively involved in the project for 20 years and asked them to trust her and assured them that she is pursuing all avenues of funding. .
She added that they are unable to take out a loan and that she still believes developer-led infrastructure delivery is a realistic option.
The council has repeatedly failed to secure government funding for the project, which would open up land for thousands of homes on the city’s north side and remove heavy-truck port traffic from central Drogheda.
Sinn FÃ©in Cllr. Joanna Byrne had raised the issue saying that the trails set up on the Ballymakenny Road – while fantastic to see, give a glimmer of hope that the road will be built.
She had previously suggested getting an EIB loan and has now offered to apply for the Connecting Europe Facility as a separate potential funding stream.
Independent Cllr. Paddy McQuillan says the road is vital for the city’s future expansion: