Renewal of estates to cost State €1.8bn

LIMERICK’S huge regeneration plan for run-down council estates in the city will present the Government with another financial challenge as the entire project will cost the exchequer as much as €1.8 billion, it has emerged.

Initial costings indicated that the regeneration programme would carry a price tag in the region of €1bn.

Following the presentation of architects’ master plans on Monday the cost has been revised upwards.