EIB to Fund Ireland Metro Project

16 May 2010 (Last Updated May 16th, 2010 18:30)

The European Investment Bank (EIB) will grant a €500m ($633m) loan for the Dublin Metro project in Ireland. Work involves the construction of a 19km railway running from Dublin city centre to Fingal via Dublin Airport, according to The Irish Times. Other project works

The European Investment Bank (EIB) will grant a €500m ($633m) loan for the Dublin Metro project in Ireland.

Work involves the construction of a 19km railway running from Dublin city centre to Fingal via Dublin Airport, according to The Irish Times.

Other project works involve the design and construction of a light metro system and 17 stations.

The EIB’s loans to the Dublin Metro will cover 8% of the project’s estimated €6bn cost.

The project is scheduled for completion in 2016 under a public-private partnership agreement.