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

  • Funds for Poland’s highways maintenance, repairs
    May 14, 2012
    Poland’s government plans to boost highways spending in 2011 with a budget of €8.72 billion, an increase of €3.73 billion over the budget set for 2010. However, there is some scepticism as to how such a substantial sum will be found, especially given the spending restrictions the country is already seeing.
    Read More
  • Road charging the way forward for road funding?
    May 23, 2012
    Major changes will be required in the way that highway infrastructure investment is funded in many developed nations. Fuel taxation is a key source of income for governments, with some countries (such as the US) using a set sum for road repairs, maintenance and new construction. Fuel taxation is a proportional way to fund road infrastructure improvements, basically as larger vehicles or those that are used more, will pay more.
    Read More
  • A decade for completing the 105km Cork-Limerick M20
    December 10, 2018
    It could be a decade before Ireland’s 105km Cork-Limerick M20 motorway is finished, the government has warned. Road safety groups and businesses have been pushing for the €900m M20 motorway because of issues over fatalities on the existing rural route. Simon Coveney, Ireland’s deputy prime minister, said the government was committed to the route – the largest motorway project to be undertaken in the next 25 years, and money has been earmarked for it. According to Irish media, Coveney also noted tha
    Read More
  • Bankia and FCC sell Globalvia to OPTrust, USS and PGGM
    October 27, 2015
    Investment bank Bankia and Spanish construction firm FCC have sold their 50-50 joint venture infrastructure management firm Globalvia to three pension funds for €420 million. Madrid-based Bankia and FCC -- Fomento de Construcciones y Contratas, based in Barcelona -- said their decision to sell their holdings was part of their plans to divest non-strategic businesses. Globalvia manages public-private partnerships, of which 90% are in Spain. Purchasers are UK-based USS, OPTrust in Canada and Netherlands-ba
    Read More

Highlighted Content