Limerick Tunnel firm posts €6.4m loss

The firm behind the Limerick Tunnel, which is backed by guaranteed payments from the Government, has posted a pre-tax loss of €6.4m.

Transport Infrastructure Ireland provided payments in so-called traffic guarantees of €4.4m to Directroute (Limerick) Ltd in 2016, as well as €5.4m in so-called operational payments.

New accounts show the firm’s operating profits climbed 38% to €9.4m, as revenues increased 11% to €23.7m.