Green light for €337m Limerick regeneration

TAOISEACH Brian Cowen has described the Government’s plans for the regeneration of Limerick as a “once in a generation” opportunity to address planning failures of the past.

Mr Cowen confirmed yesterday that the Government had approved funding for the first phase of the Limerick Regeneration Programme, which will see €337m invested in 26 projects.

They will involve the construction and refurbishment of 850 social housing units at a cost of €160m over the next four and a half years. The Taoiseach said funding had been secured from across the budgets of various Government departments. However, he also expressed hope that private investment could be attracted for other phases of the regeneration.