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Talking point: Bank's €300,000 sculpture approved

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The Central Bank has secured planning permission for a new "monumental" €300,000 outdoor sculpture for a public space outside its €140m Dublin HQ.

Last year, Dublin-born artist Eva Rothschild secured a commission for her 'Double Rainbow' piece outside the Central Bank campus on the city's North Wall Quay.

Architects for the Central Bank, Henry J Lyons, told Dublin City Council that the Rothschild work was the "creation of an outdoor sculpture on a truly monumental scale, in a permanent location, where a really strong and lasting engagement with the public is possible".

The sculpture takes the form of a multi-directional arch rising to 10.5 metres, and swooping over the centre of the plaza, spanning a distance of 14 metres before touching down lightly on the ground at eight different points. A spokesman for the Central Bank said it is expected that the sculpture will be in situ in 2020.

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