Ireland plans stimulus arrangement

A stimulus package worth over €2 billion is being planned by the Irish Government. This will be used to fund infrastructure projects in the country, including major roads in Wexford and Galway. The package comprises funds from the European Investment Bank (EIB), the National Pensions Reserve Fund (NPRF) and the sale of State assets as well as from the public-private partnerships (PPPs). The N11/25 Enniscorthy and New Ross bypasses, and the N17/N18 Gort to Tuam scheme are set to gain also from PPP funding. I
December 17, 2012 Read time: 1 min
A stimulus package worth over €2 billion is being planned by the Irish Government. This will be used to fund infrastructure projects in the country, including major roads in Wexford and Galway. The package comprises funds from the 1054 European Investment Bank (EIB), the National Pensions Reserve Fund (NPRF) and the sale of State assets as well as from the public-private partnerships (PPPs). The N11/25 Enniscorthy and New Ross bypasses, and the N17/N18 Gort to Tuam scheme are set to gain also from PPP funding. Ireland’s difficult financial situation means it requires PPPs to allow projects to progress beyond the planning stage.

For more information on companies in this article

Related Content

  • US$613 million new New Zealand road funding budget
    June 12, 2024
    New Zealand is setting a new road funding budget worth US$613 million.
    Read More
  • Ireland's highway and tunnel projects
    May 10, 2012
    Northern Ireland construction company, Lagan Construction, is celebrating its part in two major infrastructure projects in Ireland. The company said that the openings of the A1 dual carriageway bypass at Newry, Northern Ireland, and the Limerick Tunnel, Republic of Ireland, were major achievements, and had employed 350 people over the past four years. The €138 million Newry bypass, commissioned by the Roads Service in December 2007 and completed five months ahead of schedule, was delivered by Amey Lagan
    Read More
  • Kekava Bybass opens with Kapsch technology
    December 5, 2023
    Latvia’s recently opened “high-speed” Kekava Bypass is using Kapsch traffic technology to ensure safety of drivers as they travel between the capital Riga and Lithuania.
    Read More
  • Multi-billion dollar Vietnam transport projects to be supported by ODA of Japan
    December 16, 2013
    A total of 29 transport projects costing a combined US$7.42 billion, including the Phan Thiet-Nha Trang road, will be carried out in Vietnam from 2013 until 2016, according to the country’s Ministry of Transport. Of the 29 projects, 18 projects worth $2.34 billion collectively were due to be commissioned by the end of 2013. The ministry has said that the projects are supported by the government of Japan through $6 billion of ODA funds, including around $774.59 million for 2013. The Quang Ngai-Danang and D
    Read More

Highlighted Content