Development of the SDZ site and associated infrastructural development
Since the SDZ designation Waterford City and County Council have been in negotiations with an International private developer to deliver the objective and proposals as set out in the Planning Scheme.
The land within the SDZ designated area will be sold to Falcon Real Estate Development Ireland to provide over 90,000 sq metres of mixed use development. The development will comprise a sustainable mix of 46,900 square metres convenience & comparison retail facilities, leisure, dining destinations and a Waterford Visitor Experience. The scheme will also include a 200-room Four Star Hotel & Conference Centre, 15,000 square metres prime Office space, 300 riverside apartments, underground car parking and amenity facilities, all set out in accordance with the Planning Scheme. Such a development will see the creation of over 2,300 direct jobs, with many more being created in the wider economy.
To facilitate the SDZ development Waterford City and County Council will upgrade the surrounding infrastructure to enable access to the site. These works formed part of an application to the Department of Housing Planning and Local Government under the Urban Regeneration and Development Fund 2018. In summary the works include:
- The provision of an integrated transport hub, with the creation of a modern new train station, bus and car parking facilities with direct access to the North Quays development, Dock Road, Waterford / Kilkenny Greenways and transport corridors.
- The provision of a sustainable transport corridor, including a new bridge creating a direct link from Barronstrand Street through a new southern public plaza at the Clock Tower and connectivity via more sustainable modes of transport to the North Quays development, Ferrybank area and beyond. This major piece of infrastructure will link the north and south Quays via a 207 metre long, 5-span, 8 metre wide iconic bridge, designed to accommodate pedestrians, cyclists and electric bus shuttle service. An opening mechanism has also been designed for the provision for a 25 m wide navigation channel. The Waterford and Kilkenny Greenways will be linked via this Sustainable Transport Corridor providing a continuous dedicated cycling and walking network from Dungarvan to New Ross. See Sustainable Transport Bridge page for more.
- Improvements to City Centre access routes on the north side; this will see the creation of two new access bridges from Dock Road and Abbey road into the SDZ site, two underpasses to facilitate the Greenway, new signalized junctions, new access points to the existing education and institutional facilities on Abbey Road, new roundabout to connect the new upgraded Abbey Road as well as a range of accommodation and ancillary works. See the Part 8 Developments page for more on this.
- Provision of a new link between Belmont and Abbey Roads, improvements to the N29 Port Road and improvements to the existing Belmont and Abbey Road all enhancing access to serviced land initiatives in the Belview area.
The application for funding and associated works are being undertaken in collaboration and/ or with the support of Kilkenny County Council, Irish Rail, Waterford Port Company and the National Transport Authority.
The combined public and private investment of almost €500 million will be a catalyst for the transformation of Waterford and the south east region from a social, economic, tourism and infrastructure development perspective and will lead to the delivery of one of the largest single regeneration projects in the country.