€300m from Aer Lingus sale ‘will be spent on transport’

More than €300m from the sale of the Government’s stake in Aer Lingus will be used to fund infrastructure schemes, Transport Minister Paschal Donohoe has confirmed.

Mr Donohoe said the Coalition would “lend out” €335m to boost transport connections within Ireland.

“In relation to the funding that the State will receive through disposing of our share, under the rules that we’re all now part of by being members of the eurozone we have to use that funding in particular ways.