Transport Minister Shane Ross made the announcement today, 11 June, as he allocated funds to airports across the country under the Regional Airports Programme.
The government's €5 million investment in Waterford Airport will be met with private investor and local authority interests who have committed to funding €5 million and €2 million respectively in return for an equity shareholding in Waterford Airport.
Welcoming the funding, local Sinn Féin TD David Cullinane said: "The announcement of funding to extend the runway at Waterford Airport is good news for Waterford and the South East. It is exactly what is needed to create the conditions for a sustainable future for the Regional Airport.
"This will allow the Airport compete for larger aircraft to provide routes to Britain and Europe. It is a game changer and must be built upon by local Airport management.
"Waterford Airport has seen many false dawns in recent times. Extending the runway is the only way to secure its long term future. I wish the management and board of the Airport well in attracting new carriers."
This article was first seen on https://www.constructionireland.ie/construction-news/260607/game-changing-funding-announced-for-waterford-airport