Waterford Council has been granted â¬27.6m by the government to rejuvenate the city centre.
The money will be spent across a total of 22 projects around the city centre in the wider Viking Triangle & Cultural Quarter areas.
The funding, which is the full amount applied for, is being allocated from the second round of the government’s Urban Regeneration and Development Fund (URDF) and follows on from the â¬110 million for the North Quays last November.
Waterford Fine Gael Senator John Cummins described the funding as ‘transformative’ and said the total investment will be in the region of â¬48.5 million:
âToday is a further watershed day and again demonstrates the government’s commitment to Waterford in the context of Project Ireland 2040. Waterford City and County Council received every cent of funding they requested of government and in reality the state investment will be far in excess of â¬27.6 because a number of the projects contained in the plan are housing related which will be 100% funded via the Department of Housing, Local Government and Heritage, while other projects will be able to attract private and other state agency support”.