Business Irish

Thursday 19 September 2019

Indecon to study TCD €1.25bn campus plan

Trinity College Dublin
Trinity College Dublin

Gordon Deegan

Trinity College Dublin (TCD) has appointed Indecon Economic Consultants to carry out a cost-benefit analysis on its planned €1.25bn technology campus for the Silicon Docks area of Dublin.

The Dublin-based firm has scooped the contract after TCD put the work out to tender earlier this year.

According to TCD, its Trinity Technology and Enterprise Campus (TTEC) project "would represent one of the largest infrastructural projects undertaken in Ireland since the IFSC".

The university states that one aspect of the project will be to work in partnership with Cambridge Innovation Centre (CIC) to establish a 12,000 sq m co-working space for industry that can house more than 480 companies and 1,000-plus jobs".

According to TCD, the capital investment of the entire project is likely to cost €0.5bn to €1.25bn. The college states that "the objective of the economic cost benefit study is to obtain a full understanding of the economic costs and benefits - on a local, regional and national level - of the establishment of both TTEC and the innovation district Dublin".

The college added that the report "will be used to inform key stakeholders of the potential benefits of these investments, to support the raising of the required capital to enable the TTEC development, to establish a business case that will be used to obtain approval for the investments and to position the project for success with our key stakeholder community".

TCD states that the TTEC can provide significant "additionality" for Trinity and Ireland - more research space, more leading faculty; increased student numbers; and a new way of engagement with industry and the city.

Irish Independent

Also in Business