Monday, 14 November 2011

Costs to State for scrapped metro project to top €150m

TRANSPORT: THE DECISION not to proceed with the Metro North rail project as part of the 2012-2016 capital investment programme will cost the State more than €150 million, including compensation to the project bidders.

Minister for Transport Leo Varadkar yesterday confirmed that Dublin’s cross-city Luas line would be the only “big ticket” project to go ahead in the next five years, with the Metro and Dart Underground postponed indefinitely.

The Department of Transport will spend €4,646 million on capital projects over the next five years, a cut of €1,045 million on the National Recovery Plan figures published just one year ago.

Read the article @ The Irish Times

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