|
|
€500,000 to upgrade Inishowen
ghost estates
06.05.14
ALMOST €500,000 is to
be spent upgrading three unfinished housing estates
in Inishowen, it's been revealed.
The residents of Gerard’s Way, Carndonagh; Cois na
hAbhain, Malin and Monreagh, Burnfoot are to get
better roads, footpaths and public lighting through
the government's Special Resolution Fund.
The fund will see almost €1.5m spent bringing a
total of eight 'ghost' housing estates in Co Donegal
up to standard.
The move has been welcomed by Inishowen Labour
councillor, Martin Farren. |
"This investment is
also good for the wider local community. Unfinished
estates are often an eyesore in an area and this
investment will resolve some of the most problematic
estates," said Cllr Farren.
“The local economy is also set for a boost
considering the construction work involved. I would
urge Donegal County Council to avail where possible
of the services of community organisations that
employ and train long-term unemployed people.
“It is now over to the council to get the ball
rolling and ensure that this necessary work is
completed as soon as possible," he added. |
 |
|
Cllr Martin Farren. |
Donegal's allocation is
part of an overall €10m Special Resolution Fund
announced in Budget 2014.
Housing Minister Jan O’Sullivan said there had been
"substantial progress" in tackling the issue of
unfinished estates nationwide.
“Eighty-six estates across the country will benefit
from this funding. In total €10m in public money
will be invested. This public investment has also
leveraged an additional €12m from third parties
(developers/lenders/bonds) which will be invested in
these estates."
In Donegal's case, €851,101 has been provisionally
approved from the Special Resolution Fund and a
further €640,328.00 has been provided by third
parties and developers’ bonds.
Cllr Farren added that Inishowen's €483,480
allocation would help tackle problems such as poor
roads and footpaths and inadequate public lighting
at Gerard’s Way; Cois na hAbhain and Monreagh.
"This is great news for the communities who live in
these estates, many of them with young families and
who badly need a break," he said. |
|
