Government hoping to double EU infrastructure funds to €1bn

The Government is hoping to double the amount of funds it receives annually from the European Investment Bank to €1 billion for infrastructure projects.

The EIB announced yesterday it would inject €100 million towards education needs here which will see some 47 schools benefit nationwide. The money will go towards school building projects and investments could begin in October.

EIB president Werner Hoyer met Taoiseach Enda Kenny and ministers in government buildings yesterday where it was agreed that a joint working group would examine funding for future projects.