€4.8m ‘guarantee payments’ boost Limerick tunnel firm

Traffic guarantee payments totalling €4.8m by Transport Infrastructure Ireland — TII — to the firm operating the €800m Limerick tunnel helped it post an operating profit of €6.8m last year.

New accounts filed by Directroute Limerick Ltd show the firm recorded a 3% drop in operating profits last year to €6.8m, while revenues increased slightly to €21.4m.

In a breakdown of revenues, the firm says the money generated from tolls last year increased 11% to €12.6m — or €34,553 a day.