Works on Waterford Airport's long-awaited extension are set to commence in early 2023.
According to the Waterford News & Star, groundworks will kick off in the first quarter of next year and will take nine months to complete.
During this time the runway will be open to emergency services only.
The extension will involve the creation of a 2,287-metre-long and 45-metre-wide runway - long enough to facilitate the take-off and landing of Boeing 737s used by Ryanair or Airbus A320s used by Aer Lingus.
Airport staff were briefed on the planned construction last week.
It is understood that the investment will be funded in large by the Comer Group. who are set to share 80% of the airport's ownership.
Verbal assurances have been provided by the government regarding the remaining funding pending the final submission of updated costings by Waterford Airport. Official confirmation is expected around or shortly after the Christmas period.
New Waterford Airport Owners
In August of this year, it was reported that Galway-born billionaire siblings the Comer Brothers had agreed to pay around €20 million for a majority stake in Waterford Airport.
The Comer brothers have acquired and developed a sizable portfolio including Berlin's Die Pyramide, London's Alexander House, and Palmerstown Estate in Ireland.
The regional airport hasn't operated commercial flights since 2016 and the additional funding is likely to progress plans for the construction of a runway extension.
According to the Independent, a significant investment programme is included in the acquisition price.
