Cork-Limerick motorway ‘viable’, says Michael Noonan

Finance Minister Michael Noonan has suggested the Cork-Limerick motorway could be built as long as tolls are included.

Speaking at the Budgetary Oversight Committee, he said the €800m project could not be funded alone by the State as it was “way beyond what was affordable” but that it might be viable if tolling was applied.

If the M20 could be shown to be able to generate an income flow to service borrowings, he said, the EU’s statistics agency Eurostat would allow it to be kept off the national balance sheet.