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

  • European infrastructure finance plans
    May 15, 2012
    The President of the European Commission José Manuel Barroso has unveiled his plans to raise new sources of finance to fund EU infrastructure projects. In a key 'State of the Union' address to the European Parliament, he said it would involve the establishment of EU project bonds issued in conjunction with the European Investment Bank (EIB).
    Read More
  • Extensive repairs needed for Ireland’s motorways
    December 4, 2012
    Substantial investment in road repairs is required in Ireland to stave off damage to the country’s motorway networks. According to figures from Ireland’s National Roads Authority (NRA), funds are necessary for essential maintenance to prevent Ireland’s motorway network from deteriorating. There will be a time period of up to two years before the repairs become necessary. However delays in commencing maintenance and repairs could result in a backlog of works building up and the NRA points out that this would
    Read More
  • Slovakia’s troubled D1 highway
    February 20, 2012
    Slovakia’s Ministry of Transport is to finance construction work on the 75km section of D1 highway between Martin and Presov from state funds, with work expected to start in the second quarter of 2011.
    Read More
  • Ireland’s €2 billion motorway linking Cork and Limerick
    July 5, 2024
    Ireland is planning €2 billion motorway linking Cork and Limerick
    Read More

Highlighted Content