Peter Fitzpatrick at the Fane River
Fine Gael TD for Louth, Peter Fitzpatrick, said that he has met with Minister for State at Office of Public Works (OPW) and Flood Relief, Sean Canney, and urged him to ensure that Dundalk is one of the first areas to benefit from flood risk management funding.“I organised the meeting with Minister Canney this week to discuss the growing problem of rising flood insurance costs for businesses and residents in the Dundalk area, as well as the general problem of flooding.
“Minister Canney expressed his disappointment that flood insurance costs are rising and that insurance companies are using the Catchment Flood Risk Assessment and Management (CFRAM) maps as basis for this, given the fact that the Minister had a memorandum of understanding with the insurance industry.
“I was delighted with the response that I received from the Minister about flooding and the fact he expressed his support for the proposals contained the Draft Flood Risk Management Plan for the area.
“The plan – which is currently on public display at Dundalk Town Hall - proposes that expenditure in the region of €40 million will be required in the Dundalk area.
“Some of the measures in the plan include the upgrading of hard defences of approximately 18 KM.
“I’m very happy that Minister Canney expects Dundalk to be one of the first areas to be approved for funding, which will be finalised by the end of the first quarter 2017.
“The Dundalk South Blackrock area, as outlined in the Draft Flood Risk Management Plan, represents a Benefit Cost Ratio of 3.37, which the Minister agreed would be an excellent return on investment.
“As the economy and employment continue to grow under the sound management of Fine Gael, we will have more resources to address the various challenges we face here in Louth, including the challenge of flooding. We must prioritise and fund those areas that need it most”.