Ferry News Archive
Cairnryan Ferry Port revamp go-ahead due 'within a week'
Date: 26 Mar 2007 00:00 Source: The ScotsmanA £40 million redevelopment of one of Scotland's busiest ferry terminals will be approved by ministers within days, one of its operators claimed yesterday.
Stena Line said the green light for redevelopment of the Cairnryan port would enable it to switch Belfast sailings to there from Stranraer late next year.
The joint project with rival group P&O - which already operates between Cairnryan and Larne - would see the new terminal handle more than two million passengers a year.
Michael McGrath, Stena's Irish Sea area director, said he was confident ministers would grant a harbour empowerment order within a week to enable the scheme to go ahead. It follows a public inquiry triggered by residents' concerns over noise.
But the North Channel Partnership, a public-private group lobbying for improved links to the Stranraer and Cairnryan ports, fears the decision may be postponed until after the Scottish elections in May.
Stena commands the lion's share of the Scotland-Northern Ireland ferry market, with 1.2 million passengers in 2005 compared with 600,000 on P&O's service from Cairnryan and 200,000 on its Troon-Larne route. Stena said it carried 1.7 million passengers last year.
Stena wants to move its operations from Stranraer to cut the crossing time by 20 minutes and increase services.
Sweden-based Stena will today announce a doubling of profits - up from £19 million in 2005 to nearly £40 million last year. It put the improvement down to passenger growth, strong freight development and cost-cutting.
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