Dublin Rail may get on track

TRANSPORT Minister Séamus Brennan said yesterday that he expects a make a significant announcement on the €2.2 billion Dublin Metro within weeks.

This follows a change in EU rules which will allow the Government to borrow large sums of money for major infrastructural projects particularly public private partnerships.

Up to now, strict rules on government accounts have stopped investment in a number of projects like the Dublin Metro and toll roads because the total cost of these projects had to be paid during the two or three years of construction. Now that cost can be spread out over 25 years.