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€500,000 to upgrade Inishowen ghost estates 06.05.14

ALMOST €500,000 is to be spent upgrading three unfinished housing estates in Inishowen, it's been revealed.
The residents of Gerard’s Way, Carndonagh; Cois na hAbhain, Malin and Monreagh, Burnfoot are to get better roads, footpaths and public lighting through the government's Special Resolution Fund.
The fund will see almost €1.5m spent bringing a total of eight 'ghost' housing estates in Co Donegal up to standard.
The move has been welcomed by Inishowen Labour councillor, Martin Farren.
"This investment is also good for the wider local community. Unfinished estates are often an eyesore in an area and this investment will resolve some of the most problematic estates," said Cllr Farren.
“The local economy is also set for a boost considering the construction work involved. I would urge Donegal County Council to avail where possible of the services of community organisations that employ and train long-term unemployed people.
“It is now over to the council to get the ball rolling and ensure that this necessary work is completed as soon as possible," he added.
Cllr Martin Farren.
Donegal's allocation is part of an overall €10m Special Resolution Fund announced in Budget 2014.
Housing Minister Jan O’Sullivan said there had been "substantial progress" in tackling the issue of unfinished estates nationwide.
“Eighty-six estates across the country will benefit from this funding. In total €10m in public money will be invested. This public investment has also leveraged an additional €12m from third parties (developers/lenders/bonds) which will be invested in these estates."
In Donegal's case, €851,101 has been provisionally approved from the Special Resolution Fund and a further €640,328.00 has been provided by third parties and developers’ bonds.
Cllr Farren added that Inishowen's €483,480 allocation would help tackle problems such as poor roads and footpaths and inadequate public lighting at Gerard’s Way; Cois na hAbhain and Monreagh.
"This is great news for the communities who live in these estates, many of them with young families and who badly need a break," he said.
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