A CROSS-border car ferry linking Down and Louth could provide a €10m a year boost for the counties, a study has predicted.
The service, from Greencastle in the North across Carlingford Lough to Greenore in the Republic, would create 24 direct jobs and 300 additional jobs in the wider area, according to consultants.
The research was commissioned by the private-sector backers behind the €8m project.
The route, close to the mouth of the lough, could be operating before the planned Narrow Water bridge is opened.
The Carlingford Ferries consortium behind the project is made up of three families from Limerick and Clare with previous experience in the car ferry industry in the Shannon region.
Complementing the bridge, the investors believe it would create a circular tourism route between the Mourne region and the Cooley Peninsula.
The developers also commissioned an environmental impact assessment and engaged with local communities.
They hope to submit proposals to the planning authorities with the aim of getting the service running within 12 months.
Article written by David Young, Irish Independent