Ø €6.5m investment to service new residential development Ø 1,865 new housing units catered forØ Good news for first time buyers
Mr Dick Roche, TD, Minister for the Environment, Heritage and Local Government, today (4th December 2006), announced his approval of funding for Cork County Council to provide increased treatment capacity at wastewater treatment plants in Castlemartyr, Killeagh and Midleton.
These projects are being funded under the Serviced Land Initiative measure of his Department's Water Services Investment Programme 2005-2007. The Initiative accelerates the provision of serviced residential land to improve housing supply. Altogether the Castlemartyr, Killeagh and Midleton schemes will open up more than 73 hectares for residential development at a total cost of €6.5m and service over 1,860 new houses in the long term.
"The three schemes will make a very significant contribution to the stock of serviced sites available locally for new residential development," the Minister said. "Increasing the availability of serviced sites reduces pressures on housing supply and on house prices, and will give young people, in particular, the chance of buying an affordable home in their own localities".
He said that the schemes will also cater for other planned development "as well as ensuring high environmental standards for the treated wastewater discharges".
The Minister's allocation of funding allows Cork County Council to advance the three schemes to construction. "I will be asking the County Council to move ahead with them quickly to get the new houses built as soon as possible."