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M1 Corridor Project aims to drive more business to the region

M1 Corridor Project aims to drive more business to the region

Minister for Planning, Housing and Local Government Eoghan Murphy TD today launched the M1 Corridor Project in Bellingham Castle.

The M1 Corridor Project is a business-led initiative driven by local business groups, led by Dundalk Chamber, Drogheda & District Chamber, and The Mill Enterprise Hub and Oriel Hub Enterprise Centre.

The project will drive international investment into the region by highlighting the enormous advantages it has as a superb location for investment. Central among these advantages is the connectivity of the region as the transport and broadband backbone of the island.

Commenting at the launch, Minister Murphy said: “The M1 corridor links the two big cities on the island in Ireland. Within 60 minutes of the corridor are 2.3 million people. There’s access to three airports, four deep water ports and a road and rail network connecting millions of people and many, many different businesses. It’s a fantastic initiative to attract business to region and I really want to thank Fergus O’Dowd, Mairead McGuinness and John McGahon for their support for this very important initiative.”

Speaking at the launch, Paddy Malone of Dundalk Chamber said the M1 project offered us the ideal platform to highlight the region’s potential, from Drogheda to Newry.

He said: “The M1 Corridor website brings together in great detail the strengths of the area from our population reach, 3rd level access, connectivity, business environment and heritage. This plan is to encourage new companies, be they foreign or otherwise to consider this region first. We also wish to invite those that need a second location. This has already been successfully done by PayPal.

“This is the next stage of our 2040 Plan. We, in Dundalk Chamber argued the case for the region to be recognised and in November 2017 we won that argument with the publication of the final Plan. It gave me great personal satisfaction said Paddy Malone to realise the win for Dundalk.

“We then went on to work with Drogheda in developing the product. The gathering of this work showed that this region has the population, skill base, the infrastructure and the people to be a thriving area independent of either Dublin or Belfast. There are 2.3 million people within an hour of West Street or Clanbrassil Street compared to 2.1m from O’Connell Street. 80,000 people commute daily from the region into Dublin, wasting time and fuel, congesting Dublin.

“We made our submission to the Regional Planning Authority and were delighted with their draft Plan. We look forward to the final Plan. We would like to thank Councillor Colm Markey, the Louth representative for the work he carried out in support of the project.”

Pat McCormick, President of Dundalk Chamber said that he was delighted that after three years of lobbying specifically on this and many years pleading for a special case we had taken the opportunity presented to put the Region firmly on the map from Drogheda through Dundalk to Newry. He stressed that he wanted all in the community to own the project and to make it work for the good of all.

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