Sunday 4 December 2016

Metro North still on track, says director

Treacy Hogan

Published 15/12/2010 | 05:00

THE Metro to Dublin Airport can be bankrolled by private cash and is still on track, the project's director claimed yesterday.

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Despite the restraints on finances, the Metro is still economically viable, he said.

Rob Leech, Metro North project manager, told an Engineers Ireland seminar that high-quality integrated public transport was a key feature of the most successful cities worldwide. He said there had been "some extraordinary claims that it would cost €5bn to build Metro North".

"Even at the height of the boom it would have cost far less than that," he added.

At a time of falling construction costs they expected to get unprecedented value.

Metro North was being developed under a public private partnership arrangement. This means the private sector initially funds the majority of the costs.

The State contributes in two ways -- a part contribution to the construction cost and later annual payments, spread over a long period of time, payable only when the metro is running.

John Power, Engineers Ireland director general, predicted Metro North had the potential to create 4,000 direct jobs and a further 2,000 indirect jobs.

Irish Independent

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