State aid for Cork event centre gets green light

The multi-million Cork event centre project has cleared a major funding hurdle as contract talks on the massive piece of infrastructure reach a critical stage.

The Irish Examiner has learned that the EU has finally given the green light to the investment of almost €20m of public money into the project.

There were concerns that strict EU rules on state aid could jeopardise or stall delivery of this kick-start funding — without which the centre could not be built.