Government Assistance
On 21 February 2007, the Government of Ireland announced that it was providing € 6.3 million in capital grant money for Galway Airport. In 2008 this allocation was reduced by 50-60% as a result of national budget cutbacks.
In June 2011 the Government announced that funding for Galway Airport will cease by December 2011. Currently Galway Airport requires €1.2 million to meet operating costs per year. The Government has stated that the decision was taken to consolidate the four other regional airports which will receive state funding for 2012.
Read more about this topic: Galway Airport
Famous quotes containing the words government and/or assistance:
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