Council Must See Business Plan for Cork-Swansea Ferries

Council Must See Business Plan for Cork-Swansea Ferries

Speaking after last night’s council vote to extend a further €65,000 to Cork-Swansea Ferries, Sinn Féin councillor Mick Nugent said the company must present its business plan to the council and show how it intends to turn itself around.

Cllr Nugent said:

“It is plainly desirable to have a direct ferry from Cork, and the Cork-Swansea route has had 150,000 passengers since it re-opened. It is estimated that 100,000 of these may have been travellers from Britain to Ireland. There are obvious benefits for tourism in the Cork region.”

“It was for this reason the Sinn Féin councillors, with reservations, supported the vote last night. We also recognise that to vote against the proposal would have almost certainly meant the council’s existing €300,000 investment in Cork-Swansea being written off.”

“The company must now return to the council before the end of the examiner-ship with a detailed business plan for how it intends to turn itself around. Hopefully it will succeed in doing so and the council will be able to recoup the €300,00 already advanced.

For further information or comment contact Cllr Mick Nugent @ 087-6755793