Dublin AIrport Authority anounces new "city" to be built on Dublin Airport lands

The Dublin Airport Authority has announced plans for what it describes as a new "city" to be built near the existing Dublin Airport terminal complex.

The DAA wants to build a €4bn development over 140 hectacres to the east of the airport, comprising mainly office space.

The development has yet to get planning permission and it is unclear as to where the funding will come from.

However, the Authority says the plan fits in with the development plans of Fingal County Council.

The DAA says that it will become an economic hub targeting Foreign Direct Investment, (FDI).

It is envisaged that executives based at the new Dublin Airport city would have a high-speed people direct train access with the new Metro North station and would be able to get from their desks to airport check-in in an average of six minutes.

The authority states that the development will have 55,000m2 of office space along with retail and hotel facilities and a third-level aviation college.

Although it could take 20 years to build, the Authority claims this development could add €1bn a year to the Irish economy.

The Key facts and figures -

Cost: €4 billion
Site: 350 acres east of Dublin airport
Size: 600,000sq m of offices; 40,000sq m of retail, hotel and conference facilities
Projected employment: 30,000 (10,000 new jobs to be created)
Time frame: 15 to 20 years, with the first tenants expected in 2012/2013

Sources:

http://www.rte.ie/news/2008/0425/airport.html?rss

http://buckplanning.blogspot.com/2008/04/too-early-to-tell-whether-airport-city.html

http://www.dublinairportauthority.com/media-centre/press-releases/092008.html