Drogheda Port Company today confirmed it has chosen Castle Market Holdings as a partner for the €300 million development of a deep-water port at Bremore, north Co Dublin.
In September Minister for Transport Noel Dempsey agreed to make changes to the Harbours Act that would allow Drogheda Port Company to proceed with its plans to develop the port with Castle Market Holdings, a subsidiary of Treasury Holdings.
State-owned Drogheda Port will retain a controlling 51 per cent stake in the development, with Castle Market taking the remaining 49 per cent.
Drogheda Port said the appointment of consultants to prepare the port master plan, is under way.
Drogheda Port chairman Patrick Traynor said: "The development will free a potential bottleneck in the continuing growth of freight traffic to and from Ireland."
