Dublin Port invites alternative views on post-2040 port capacity challenge
Dublin Port Company (DPC) has said that Dublin Port will reach its maximum throughput capacity some time between 2030 and 2040, according to the company's release. This means additional port capacity will be needed elsewhere on the east coast of Ireland to cater for the growth which Dublin Port will not be able to accommodate once this point has been reached.
On the basis that building large new infrastructure takes twenty years or more from concept to completion, DPC is now beginning to plan the projects that will be needed if this additional capacity is to be available by 2040.
In the meantime, DPC has confirmed it is preparing the third and final strategic infrastructure development project which will deliver the full capacity envisaged in the Dublin Port Masterplan 2040. This project is the 3FM Project and DPC has begun the first stage of public and stakeholder consultation prior to commencing pre-application consultation with An Bord Pleanála later this year. Completion of the 3FM Project is needed to provide the capacity required for growth up to 2040. If the 3FM Project were not to proceed, then Dublin Port would reach its limit closer to 2030.
The final development projects at Dublin Port and projects to deliver new port capacity elsewhere are very challenging and it is important that there is an opportunity for informed debate and discussion on the environmental, planning and financing challenges which these projects create. These challenges have been documented in a series of seven papers called the Dublin Port Post 2040 Dialogue.
Crucially, the papers present for the first time a considered view on the potential costs and the environmental impacts of building new greenfield port facilities elsewhere on the east coast of Ireland.
Building a new port at a greenfield site to be ready for operation by 2040 (referred to in the Dialogue papers as DP1.5) would cost in the region of €3.9 billion to €4.2 billion (at 2020 prices), assuming, of course, that the enormous challenges of financing and securing the necessary consents to deliver such a megaproject could be achieved.
From its analysis of the issues covered by the seven Dialogue papers, DPC has reached six key conclusions:
Dublin Port Company must complete all of the projects outlined in Masterplan 2040 to deliver infrastructure with an annual throughput capacity of 77 million gross tonnes by 2040.
Critically, this will require planning permission to be secured for the third and final Masterplan Project, the 3FM Project.
The achievement of a throughput of 77 million gross tonnes per annum by 2040 will require not only the completion of all of the infrastructure projects in Masterplan 2040; it will also require that the efficiency of port operations greatly increases so that port infrastructure is utilised to its maximum. This will require the elimination of systemic inefficiencies in existing supply chain operations.
Over the next 20 years, additional capacity at other existing east coast ports will be required so that, as Dublin Port approaches its ultimate capacity, volumes which Dublin cannot handle can be accommodated elsewhere.
During these 20 years, DPC will need to work on the DP1.5 project so that it can be brought through the planning process and construction started by about 2033 should that become necessary.
The projects to provide additional capacity in other ports and the project to construct DP1.5 can only be realised with State support – none of the projects and none of the port companies (including DPC) are capable of raising the project finance that would be required.
DPC recognises that alternative viewpoints exist including a long-held view that Dublin Port should be moved from its current location, something DPC has consistently rejected over the years. In the Dialogue papers, DPC refers to the megaproject to relocate Dublin Port to another location as DP2.0 and has estimated that the cost to do this would be €8.3 billion (at 2020 prices) but that it would be near impossible to get planning permission because of environmental impacts.
The purpose of the Dublin Port Post 2040 Dialogue papers is to facilitate informed discussion and substantive engagement with DPC on several important questions, namely:
What level of port capacity will have to be provided to meet future demand on the east coast of Ireland over the next 20 years?
Where will this additional capacity be provided?
How will the projects needed to deliver this additional capacity be financed?
DPC is now inviting individuals and organisations, who may wish to challenge its thinking and put forward alternative ideas, to respond and share their views in writing by the end of June 2021.
