Jobs boost for both Dublin and Cork

Dublin was yesterday handed a double boost with the announcement of 290 jobs and €100m in funding for the development of Dublin Port.

The European Investment Bank (EIB) has committed funding for the €230m five-year redevelopment plan which is its first investment in port infrastructure here for 20 years.

Jonathan Taylor, EIB vice president, described the port as a crucial piece of infrastructure. “Investment to upgrade Europe’s key ports is essential to improve transport logistics and reduce transport costs passed onto consumers. The Port of Dublin is a crucial transport hub for Ireland and the European Investment Bank looks forward to supporting redevelopment of the Alexandra Basin,” Mr Taylor said.