Further €10m wiped off asset value of docklands authority

PLANS to steer the debt-laden Dublin Docklands Development Authority away from oblivion may be too late to salvage the stricken company.

The authority yesterday published its annual report for 2009 and wiped another €10 million off the value of its assets, a year after it wrote off more than €183m in assets.

It has seen the worth of its investment in the Irish Glassbottle site virtually cancelled. And its debts have risen to €71m.