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Galway Bay FM News Archives

NAMA SECURES ORDERS OF 600 MILLION AGAINST GLENAMADDY DEVELOPERS

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Date Published: 09-Nov-2011

Glenamaddy native property developers Raymond and Danny Grehan have consented to Nama securing judgment orders against them for over 300 million euro each.

The sums mainly relate to guarantees provided over multimillion borrowings to their companies.

Nama’s claims against Kildare based property developers Raymond and Danny Grehan mostly arose from guarantees over company loans though some arise from personal borrowings.

The brothers were expected to fight today’s application for multi-million summary judgment orders against them but today senior counsel for Nama Paul Gallagher asked Mr Justice Peter Kelly to give the parties time to negotiate.

After half an hours of talks they returned to court with the Grehans lawyers say despite concerns they believed the better course was to consent to judgments against them.

Galway Bay FM News Archives

Galway ‘Park and Ride’ could become permanent

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Date Published: 07-May-2013

A park ‘n’ ride scheme from Carnmore into Galway city could become a permanent service if there is public demand.

That’s according to the Chief Executive of Galway Chamber of Commerce, Michael Coyle.

The pilot scheme will begin at 7.20 next Monday morning, May 13th.

Motorists will be able to park cars at the airport carpark in Carnmore and avail of a bus transfer to Forster Street in the city.

Buses will depart every 20 minutes at peak times and every 30 minutes at offpeak times throughout the day, at a cost of 2 euro per journey.

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Galway Bay FM News Archives

Tuam awaits UK hay import as overnight rainfall adds to fodder crisis

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Date Published: 09-May-2013

Tuam is now awaiting a third import of hay from the UK as overnight rainfall has increased pressure on farmers struggling to source fodder.

A total of ten loads are expected at Connacht Gold stores throughout the West with a load expected at the Airglooney outlet this evening or tomorrow.

Farmers throughout the county have been struggling to cope with the animal feed shortage and a below than normal grass growth due to unseasonal weather conditions.

Overnight rainfall in the Galway area has also added to the problem making ground conditions in many areas are quite poor.

Joe Waldron, Agricultual Advisor with Connacht Gold says farmers in short supply can contact the Airglooney outlet on 093 – 24101.

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Galway Bay FM News Archives

Transport Minister urges end to Bus Eireann strike action

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Date Published: 12-May-2013

The Transport Minister is urging drivers at Bus Éireann to engage in talks with management, in an effort to bring their strike action to an end.

There were no Bus Éireann services operating out of Galway today as a result of nationwide strike action by staff affiliated with the national bus and rail union.

Up to 20 Bus Éireann drivers are continuing to picket outside the bus depot at the docks in the city this evening.

Drivers from other unions have decided not to cross the picket line and go into work today – causing the disruption to be even worse.

Bus drivers are protesting against five million euro worth of cuts to their overtime and premium pay – cuts which Bus Eireann says are vital to ensure the future viability of the company.

The majority of services nationwide are disrupted, and the union say strike action will continue until management are willing to go back into negotiations.

However, it’s not expected to affect school services next week.

Galway bay fm news understands that around 70 percent, or over 100 Galway bus Eireann drivers are affiliated with the NBRU.

 

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