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

  • Kenya develops annuity road funding model
    May 8, 2015
    Kenya is introducing novel methods for funding its necessary road infrastructure development - Shem Oirere writes. Kenya has unveiled a new financing model for road construction and reviewed its design standards and construction methodologies, which forms part of a new strategy for the East African country. Under this new plan Kenya is planning to upgrade 10,000km of road, with these links featuring asphalt surfacing; the work being carried out over the next five years at a cost of US$2.8 billion. Despite t
    Read More
  • Poland's big transport plans
    July 6, 2012
    The European Investment Bank (EIB) looks likely to grant Poland a loan of €1.6 billion to carry out several key infrastructure projects. Some of the money will be used to finance the A2 highway from Lodz to Warsaw; Warsaw's southern ring road and a 50km section of the A4 highway to link with Germany.
    Read More
  • French infrastructure to be privatised?
    July 4, 2012
    How will the deep cuts hitting France's national budget affect French roads and highways? Gordon Feller discusses France has one of the most modern transport systems in Europe, the result of decades of public spending on the sector as well as other infrastructure. The government historically has awarded contracts to build infrastructure to French construction and engineering companies, some of which are now among the world's largest contractors. Among other achievements, France's infrastructure programme re
    Read More
  • Poland's highway plans to go ahead
    May 15, 2012
    In Poland, the European Investment Bank has committed itself to maintaining its loan agreement for the A1 highway, despite recent problems over the project. The e1.1 billion loan that the EIB had agreed with Autostrada Poludnie for construction of a 180km section of the A1 highway from Strykow to Pyrzowice, will now be placed at the disposal of the Polish highway authorities. To carry out the work, Poland has to raise a further e503 million, which could be obtained from an issue of road bonds. Autostrada Po
    Read More

Highlighted Content