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Survey Backs Irish Ports Association's Call For More Investment

by Jason Gorringe, Tax-News.com, London

10 May 2006

According to a study commissioned by the Irish Ports Association, the majority of exporters believe that the government should invest more in the Republic's ports infrastructure.

The report, which was undertaken on the Association's behalf by Indecon Consultants, revealed that two-thirds of those questioned felt that port infrastructure investment should feature prominently in the next National Development Plan.

According to the Business Plus news service, sea-based transport was responsible for 84% of the total volume and 58% of the total value of goods traded by Ireland with other countries in 2004. This was estimated to be around EUR33.2 billion.

The survey's findings provide support for the IPA's stance on the topic of port investment. Last week, it called for EUR2 billion in additional investment in order to cater for the increased traffic seen by the country's ports.

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