Government to remove Shannon restrictions

on 28/09/2012 07:58:00

The government has agreed new draft legislation which will remove restrictions on the IDA and Enterprise Ireland from operating in the Shannon Free Zone.

The new legislation, which will be published by the end of the year, is part of a series of reforms announced by the government earlier this year which aim to create a new world-class aviation industry in Shannon.

The Jobs and Enterprise Minister Richard Bruton and the Transport Minister Leo Varadkar plan to merge Shannon Airport and Shannon Development, and transfer their functions, when it comes to enterprise and Foreign Direct Investment, to Enterprise Ireland and the IDA respectively.