AN ECONOMIC impact study by the Shannon Airport Group is to be launched this Friday.
Conducted by Oxford Economics, the report will be officially launched by Minister of State at the Department of Transport, Jack Chambers (FF).
Consultants were hired by the Shannon Airport Group last autumn to assess its impact on the Irish economy. The Shannon Airport Group said it contributes significantly to the entire Irish economy and supports thousands of jobs.
With a property portfolio of 3,300 acres and 2.5 million sqft of space, the Shannon Airport Group is responsible for Shannon Commercial Properties which includes the largest business park outside of Dublin with 180 companies.
In its tender document prior to appointing the consultants, the Shannon Airport Group stated, “We are playing a critical role in shaping the future development of our country with ground-breaking yet practical facilities and by attracting new or more frequent international connections all of which are vital to a more balanced national economy”.
Prior to the commencement of work on the study, the Shannon Airport Group had aspired that it would develop an Economic Impact Analysis Model of the Group to assess the environment within which the Group operates as well as trends in the aviation sector.