Chambers weigh in behind the M20
Business groups in Cork and Limerick have weighed in behind calls to prioritise the proposed 80km M20 motorway between the two cities, saying it would enable balanced development on a scale not seen before.
The motorway has the potential to support an estimated additional 4,000-5,400 direct jobs in the region, according to a report by Indecon Economic Consultants and RED C Research, entitled 'Gearing up for the M20: A Route to Success'.
It was commissioned by Cork and Limerick Chambers.
In a joint statement, the two chambers said the M20 would help realise the Atlantic Economic Corridor concept of a powerful three-city region consisting of Cork, Limerick and Galway.
According to the Indecon/Red C report, completion of the road would mean a continuous motorway from Cork through Limerick to Galway, creating an economic corridor that would provide a strong complement to Dublin, the chambers said.
The route would increase the labour force within a 45-minute commute of major employment centres by 23pc, they argued.
The Indecon/Red C report said that the existing N20 road between Cork and Limerick had significant capacity constraints that inhibit economic development.
Replacing it would prevent approximately 118 accidents a year, it added.
The report comes as experts from the International Monetary Fund are in Ireland to prepare a report on the country's infrastructural needs, including evaluating the M20 proposal and the Dublin Metro underground tram scheme.