Funding of €6.31 million has been allocated today for Galway City under the first round of the Urban Regeneration and Development Fund. The fund was established under Project Ireland 2040 and will be allocated between now and 2027 with the first round of projects announced today by An Taoiseach, Leo Varadkar and Minister for Housing, Planning and Local Government, Eoghan Murphy.
This funding of €6.31 million represents the first allocation to Galway City to help support more compact and sustainable development in our larger urban areas. There are two categories in this round of funding – category A for projects that are ready to proceed immediately and category B for projects to support initial development such as feasibility studies or the creation of masterplans.
The funding for Galway includes €2.7 million for the upgrade of the Martin Roundabout on the old Dublin Road, near the Galway Clinic, which will facilitate both the introduction of a signalised junction and access routes for the planned new urban town, Ardaun, in the area.
An allocation of €2.9 million will enable a variety of improvements to infrastructure for cyclists and pedestrians with an initial focus on the east side of the city and from Oranmore towards the city.
A further €708,000 has been allocated to Galway City for the development of plans to guide the regeneration of core city centre areas including Nun’s Island, the inner city harbour area, and Sandy Road. The funding to design initial plans for these areas will help both local government and Government departments to determine how best to encourage the most sustainable uses of the land.
I look forward to progression of these projects which will help make our city more sustainable and liveable for communities today and for the population growth that is envisaged for Galway. Further rounds of funding will follow next year beginning in February.