Cork to Limerick road may get funds for upgrade

A finance deal to upgrade the Cork to Limerick road could be drawing closer after discussions held with the European Investment Bank in Luxembourg and Finance Minister Michael Noonan and Expenditure Minister Paschal Donohoe.

Cork to Limerick road may get funds for upgrade

The Cork to Limerick road was not currently an approved project under the Government’s capital expenditure plans but was nonetheless cited in the Luxembourg talks as the type of scheme that could be unlocked with “innovative” support from the European Investment Bank, a spokesman for the finance minister said.

The talks involved ways the bank could lend support possibly leading to the costs of projects such as the Cork to Limerick road being kept off the national balance sheet.

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