EIB will Grant Fund for Dublin Metro Project

The European Investment Bank has agreed to provide €500 million for the Dublin Metro project in Ireland, marking a significant investment in the country’s infrastructure development.

March 20, 2010 7:04 am | Last Update: August 11, 2015 7:06 am

The European Investment Bank (EIB) has agreed in principle to grant €500m ($752m) for the Dublin Metro project in Ireland.

If approved, this will account for 8% of the project’s estimated €6bn ($9bn) cost, according to herald.ie.
The metro scheme, seen as a key infrastructure project for Ireland, would provide a 19km link from Dublin city centre, via Dublin airport, north to Fingal.
EIB is also looking into two other public-private partnership projects in Ireland, the N17-N18 Gort to Tuam motorway link and the N11-N7 motorway.
These projects are part of the €2bn ($3bn) Irish National Roads Authority second roads PPP programme involving the Western Rail Corridor linking Cork, Limerick and Galway.
The bank, owned by 27 EU member states, said it provided €1.02bn ($1.5bn) for six projects in Ireland in 2009.

TAGS: dublin metro financement, dublin metro fund, dublin metro project, ireland dublin metro project, ireland metro lines, ireland metro project

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