Shannon Chamber Welcomes Government Grant Support for Shannon Airport

Friday, 26 June 2020: Shannon Chamber welcomes the announcement by Government that it is to make a one-off €6.1 million grant to Shannon Airport to complete the necessary Hold Baggage Screening capital project at the Airport.

“Having outlined in our Pre-Budget 2020 Submission to Government that under EU rules, airports with over 1 million and less than 3 million passengers are eligible for Government funding for capital expenditure to fund safety and security investment, this is a very positive outcome given that, heretofore, Shannon Airport was not getting Government funding for such capital expenditure despite being eligible for such funding and despite the fact that the Government is supporting this type of investment at privately owned airports at Kerry, Knock, Donegal and Waterford.

“This lack of Government-funded CAPEX support for Shannon Airport placed it at a disadvantage compared to other Irish airports. The upgrade of Hold Baggage Screening is mandated by regulation and the costs placed a heavy onus on the airport to deliver, which, as outlined in the Company’s statement, had to be halted due to funding restraints. Its installation however will not generate any additional revenue for the Airport,” stated Mark Nolan, Shannon Chair director and chair of the Chamber’s Transport Committee.