DAA to invest €450m in Dublin Airport

The Dublin Airport Authority (DAA) is to invest €450m this year to expand, improve and modernise Dublin Airport.

The investment for 2008 is part of the 10-year €2bn Transforming Dublin Airport programme.

"The €450 million spend represents the largest ever infrastructural investment at an Irish airport in a single year," said DAA Chief Executive Declan Collier.

The largest project onsite this year is the €395m new passenger terminal T2. Work started on the new terminal last October.

There are currently more than 1,000 construction workers employed on the investment programme and that will rise to more than 1,500 later this year. At peak during 2009, the DAA expects about 3,000 people to be working on the Transforming Dublin Airport programme.