Nama’s €2bn for building could lead to 35,000 jobs

Nama will offer €2bn to fund building work across the country because it believes the long-term prospects for its property portfolio are positive.

The agency said the money will be lent out to developers to complete unfinished projects and transform greenfield sites particularly to provide accommodation for commercial developments.

The money will be released over the next four years and Nama chairman Frank Daly said it expected the work it funded to generate 25,000 construction jobs and a further 10,000 spin-off posts.