Dublin MEP, Brian Hayes has today (Friday) welcomed the announcement that the European Investment Bank (EIB) is to provide a €76 million loan to Dublin City University. The loan is part of a €230 million investment in the University to develop its facilities.
“This is an example of how the European Union Bank can be used be to invest in people, education and create jobs. The funds provided will help the University to redevelop the former All Hallows College as well as increase the capacity of the University. It is a major investment for Dublin’s Northside.”
“Ireland has received significant amounts of funding from the EIB in recent years. In 2014 over €932 million was received – an increase of 37% on previous years. Last year over €150 million was invested by the bank in social housing projects. EIB funding has also been used for projects in Trinity College and Dublin Port.”
“EIB funding is a good way of advancing projects and will further strengthen the economy and deliver more jobs.”