European Investment Agrees 'In Principle' Luas Project Funding

Significant financial backing for the Luas Cross City project has been agreed in principal by the European Investment Bank.

The cost of linking the Red and Green Luas lines in Dublin is estimated to be €368 million.

Leo Varadker, the minister for transport, has said that and funding offered by the European Investment Bank would be at a competitive rate.

It is understood that negotiations over the funding are expected to begin in next few days, which are then expected to be finalised early next year.


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