Of the cost of land to be acquired for a canal to Clones:
We understand that the costs of land acquisition are based on the purchase of 46 hectares of land (equivalent to approx. 114 acres), the majority of which is poor quality agricultural land for a total estimated cost of €6m. This is equivalent to an average price for acquisition of just over €52,500 per acre, although the total acquisition costs would also include legal costs associated with the process.
Nevertheless, an average price of €52,500 would appear to be very high compared with the average price at which agricultural land is currently sold in the area. If an average price of €25,000 per acre (including legal costs) was applied, then total land acquisition costs would be reduced to €2.85m. This is still a generous assumption. The average RoI price of agricultural land in 2014 was less than €10,000. [Irish Farmers’ Journal Agricultural Land Price Report 2013 January 2014]
That’s from Department of Arts, Heritage and the Gaeltacht Restoring the Ulster Canal from Lough Erne to Clones: Updated Business Case February 2015. Hats off to Fitzpatrick Associates for checking and for leaving the information in the final report. I have written to Waterways Ireland to ask for more information:
I would be grateful if you could let me have a list of
the names and addresses of the owners of the land you propose to buy to build a canal to Clones
map references or maps showing the location of that land
the size and nature of each plot of land you propose to acquire
the amount you propose to pay for each plot
the justification for each such amount.
Actually, I have the list of landowners in Co Monaghan, because it’s in the planning application. I can’t find the equivalent on the NI Planning Service’s website because I can’t work out how to search by applicant.
The stony grey soil of Monaghan must be worth more than one might think. Either that or this proposal is a steaming dunghill.