With Derry as one of the host cities, Donegal North East TD Charlie McConalogue has said that the Clipper Round the World Yacht Race 2011/2012 could generate millions for the economy in the wider North West Region.
Deputy McConalogue said, “I have asked the Minister for Transport, Tourism and Sport and the Minister for Agriculture, Food & Marine to ensure that full cooperation at the highest level takes place between them and their counterparts in the Northern Ireland Assembly to ensure that this golden opportunity is not lost.  
“I realise that there is ongoing cooperation between Donegal County Council and Derry City Council.  However, the impact of this race is far reaching in terms of global publicity and direct financial gain for the North West economy as a whole.  We need to be properly prepared to harness this opportunity”  
His comments come with just over a month to go to the start of the year long race.
“An economic impact assessment following the stopover of the Clipper Race 09-10 in Kinsale, Cork estimated the gain to Kinsale and Cork city to be in the region of €5.6million.  We have an opportunity to put ourselves centre stage of the Homecoming Leg of the race as Derry will be one of the host cities along the East Coast of America-Novia Scotia-Ireland-Europe-UK route.
“As the natural hinterland, we will reap obvious benefits but I am calling on our Government Ministers to make sure we are well prepared in advance of the event to ensure we put our best foot forward for maximum gain.  There is no point towards the end of the year or indeed next year trying to get in on the act.  We need to be working on this as North-South cooperation project from the outset.  If done properly it will generate priceless international publicity and a much needed boost to the economy.  We need to do whatever it takes to make this event a success,” insisted Deputy McConalogue.