€10m to be poured into national road schemes

Finance | Fri 28 Aug | Author – Business & Finance
roads stock

Stimulus funding of €10m is announced for national road schemes by Minister for Transport, Tourism and Sport Paschal Donohoe TD.

Minister for Transport, Tourism and Sport Paschal Donohoe TD has published details of the €10m funding secured for national road schemes across the country.

The spend will have a wide geographic spread and will have a positive economic impact.

Minister Donohoe said: “In July this year, I secured an additional investment of €34m to be provided towards critical remedial works, maintenance and strengthening of the road network at national, regional and local level, where funding has been severely constrained since the economic crisis began. €10m of which will be allocated to our national road network.”

The funding being allocated to Transport Infrastructure Ireland is important in terms of facilitating business expansion and will enable the commencement of critical pavement works on national road network as well as some economically important upgrades.

The €10m in stimulus funding comes on top of the €363.7m allocated to Transport Infrastructure Ireland for national road schemes in 2015.

Photo: Colin White