Terra Nua are pleased to announce that we have new contracts started in Mitchell Street, Dungarvan and Coffey Lane, Ardmore. Watch this space for more info and pictures

CIF Pre-Budget Submission Released

Budget 2012 must balance necessary fiscal adjustment with substantial measures to address the country’s worsening unemployment crisis. This is according to the CIF whose Pre-Budget Submission sets out a range of policy options that target demand in labour-intensive and low-import-content sectors of the domestic economy

http://www.cif.ie/assets/files/Downloads/CIF_Submission_Budgeting_for_Employment_Budget_2012.pdf

Check out this little gem on the Cliff Road, Ardmore . Recently completed Cottage is available to view on our Projects, residential pages, or simply follow this link:http://terra-nua.ie/projects/residentail/the-cottage-ardmore/

Terra Nua management and staff would like to wish the Waterford Footballers and their management team every good wish for their game against Limerick on Saturday night. Our picture here shows Martin O’Sullivan, Wayne Hennessey & Conor McGrath both players, Benny McGinn, Jim (Bimbo) McGrath , Team Selector and Conor Phelan, Player. Up the Deise!

It may not look much yet, but our latest site in Ardmore, a new ART Gallery, will soon be home to some wonderful art pieces, so watch this space for it’s offical opening later this year. In keeping with both the art and seaside location themes, Terra Nua have chosen a vibrant aqua colour on its site hoarding which is located on the Cliff Road in Ardmore.

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Terra Nua wish Waterford GAA well over the next few weeks as the Footballers prepare to meet London on the 9th July in London, and the Hurlers prepare for the Munster Final against Tipperary on Sunday 10th July.  In particular, we would like to send best wishes to Jim McGrath who is an employee of Terra Nua, and a selector on the team, and to Conor Phelan and Wayne Hennessey who are currently employed as subcontractors with Terra Nua.

Terra Nua are pleased to see the progress being made in regard to the new Construction Contracts Bill 2010, which was passed by the Seanad in March 2011. Terra Nua also supports the CIF submission in regard to the required amendments to this Bill which has been made to Minister Brendan Howlin and Minister Brian Hayes on this very important piece of legislation. Download this PDF here

Terra Nua Building Contractors are proud sponsors of the Brickey Rangers GAA Club, and have recently presented the club with a full set of jerseys for the forthcoming season. The jerseys, which were designed in-house, show the Terra Nua Logo prominently to the front of the garment, and demonstrate Terra Nua’s continued support for local community based sports and charity organisations.

Since the announcement in the Supplementary Budget 2009 that NAMA was to be established, the CIF formed a sub-committee which has engaged with Government.

Below is an article from the CIF website.

National Asset Management Agency (NAMA)

The key message from the industry to Government is that:-

1. Borrowers are not getting any reductions or write downs of the loans that are to be transferred from the banks to NAMA. Borrowers will continue to owe the entire amount borrowed from the bank to NAMA. NAMA is not in any way a bail out for developers/borrowers.
2. Ireland as a country needs an immediate solution to our banking crisis so that a functioning economy can be restored.
3. Government solution to the banking crisis must be capable of facilitating a working construction and property industry so that it can play its part in supporting economic recovery by providing competitive and modern buildings in sectors like offices, industrial, retail, housing and other niche areas. Without a working construction and property industry, economic progress will be slower than it should be.
4. NAMA tough powers such as those in the draft legislation must be used sparingly and only in extreme cases – if they are used widely they will stifle borrowers’ motivation to successfully work out projects so that potential bank losses are minimised. Continue reading →