Cork East Fine Gael TD and Minister of State at the Department of Justice, David Stanton has welcomed the news that €6.5 million has been allocated for local infrastructure developments at Waterrock. The funding is being awarded to Cork County Council by the Minister for Housing, Planning, Community and Local Government, Simon Coveney TD under the Local Infrastructure Housing Activation Fund (LIHAF).
“Today’s funding announcement of €6.5 million to Cork County Council will fund road upgrade works to improve connectivity of Waterrock to Midleton and Carrigtwohill. The improved road network will allow for the progression of housing development as part of the Waterrock Master Plan.
“It is estimated that these planned road upgrade and link road will facilitate the construction of 520 new housing units in the Waterrock area by 2021”, said Minister Stanton. “In addition to these 520 units, it is hoped that this investment could potentially allow for the development of as many as 2,500 housing units in the next decade.
“Today’s funding allocation of €6.5 million for road improvements in Waterrock is only one part of a €20.4 million total allocation to Cork County Council under the Local Infrastructure Housing Activation Fund which aims at improving infrastructure to allow for housing developments. The total funding being released nationally is €226.46 million which should assist with the delivery of 23,000 new homes by 2021.