€241m UCC revamp plan a 'ringing endorsement'

University College Cork’s unprecedented €241m outlay on capital expenditure is a ringing endorsement of the institution, according to college president Dr Michael Murphy.

Dr Murphy will today welcome officials from the European Investment Bank to UCC, and the delegation is expected to officially sign off on a €100m loan to the college tomorrow.

The university predicts that some 500 jobs will be created during the construction stage of the various projects.