250 million euro deepwater terminal planned for Ballylongford.

A 250 million euro deepwater terminal for Ballylongford is part of a new five-year plan for the Shannon Foynes port company. Chief executive Brian Byrne says the transhipment terminal will win business because of congestion at existing European ports such as Rotterdam.The development of Ballylongford has been touted since the seventies and generally tends to make an appearance around election time. This latest plan would see the port company look for private investors to help fund the 250 euro million cost. Chief Executive Brian Byrne says the facility can exploit the increase in container traffic and Ballylongford can have a global reach.