Translink is still in talks with the owner of the old Waterside railway station site about its potential refurbishment as a new transport hub for the North West using European Union funding.
Infrastructure Minister Chris Hazzard says the old station could still be chosen as the site of a new hub and that he expects an economic appraisal to be in place by the end of the year.
Quizzed by rail campaigner and Foyle MLA Eamonn McCann, Mr Hazzard, said: “Translink is continuing to negotiate with the owners of the old site in relation to its purchase. In the meantime it has appointed Integrated Design Team Leaders to take forward a Feasibility Study, to look at two options: A new station on the current site; and Redevelopment of the old original Waterside Train Station.
“Translink has created initial conceptual designs but more work is needed on both options. It is hoped that an Economic Appraisal will be submitted to my Department towards the end of 2016.
“My Department’s initial application for funding towards the development of a new multi-modal transport hub in the North West under the Sustainable Transport Objective of the INTERREG VA programme was approved on March 8.
“Following approval of this initial application my Department is now engaged in the process of developing a second, more detailed application which will be submitted to the Managing Authority for assessment by August 22.”