UL secures €100m loan for campus developments

“Many thousands” of construction jobs will be created in Limerick over the next five years in a major investment deal agreed between the board of the European Investment Bank and the University of Limerick.

The EIB has approved a €100m loan to UL for campus developments, university president Don Barry announced yesterday.

The loan will also go towards supporting the university’s €200m capital investment programme, including the construction of new pharmaceutical and engineering facilities, and also a clinical medical research unit at the University Hospital Limerick in Dooradoyle.