Almost €16.4 million in exchequer funding is to be allocated to Ireland's regional airports, to contribute towards capital investment in the areas of safety and security, and sustainability.

Under the Regional Airports Programme 2021-2025, almost €6.6 million has been allocated to the regional airports at Donegal, Ireland West (Knock) and Kerry.

Shannon Airport will receive over €4.3 million, while Cork will receive over €5.4 million.

'‘Government has maintained a strong commitment to the aviation sector during the Covid crisis and has allocated an unprecedented €161m in aviation specific supports, in 2021 alone, to our airports," said Hildegarde Naughton, Minister of State at the Department of Transport.

"I am delighted today to be building on this commitment, as Irish aviation enters the recovery period," she added.

Minister Naughton said today's announcement represents the Government’s commitment to continue to support Ireland’s regional airports to remain financially sustainable.

"This capital funding will support a great number of safety and security related capital projects, ensuring that airports can continue to remain compliant with regulatory requirements in these areas.

"I am pleased to announce also that, in line with the broadening of the scope of the programme, a significant number of this year’s projects have a sustainability focus, facilitating the sustainable growth of the sector," she said in a statement.

Mary Considine, CEO of Shannon Group, which is responsible for Shannon Airport, welcomed today's announcement.

"The funding for Shannon Airport announced today by Minister Naughton is a very welcome support as we continue to manage our recovery," Ms Considine said in a statement.

Ms Considine said the funding will enable the airport to invest in vital infrastructure and rebuild in the aftermath of the Covid-19 pandemic.

"While we have made good strides in restoring air services at Shannon with 26 services to 11 destinations for summer 2022 secured, there is still a challenging few years ahead for the aviation sector," she said.

"We are grateful for this Government support and will use it to continue to fund vital improvements to our airport infrastructure," she added.