€219 million funding for city projects

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An artist's impression of what Arthur's Quay Park will look like under  the Limerick 2030 plan
An artist’s impression of what Arthur’s Quay Park will look like under the Limerick 2030 plan

 Limerick City and County Council’s 2016 budget includes details of a major capital plan that will see €219 million spent on major projects in the city.

The 2016 to 2018 capital programme is to be funded by government grants with the local authority also taking out a €32 million loan.

The programme includes proposals to complete vital projects and key pieces of infrastructure, such as the long-awaited Opera Centre and the development of a new park at Arthur’s Quay.

Approximately €3 million is to be set aside for the Opera Centre redevelopment, which will see the staff of the Revenue Commissioners relocated from Sarsfield House.

A further €16 million has been allocated for the provision of office space at the Hanging Gardens site, while €6 million has been put by for a proposed conference centre on the site of the former Cleeve’s factory.

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The capital programme also provides €1 million to refurbish the former Dell building in Castletroy for the arrival of the Troy Studios film studio.

Transport and infrastructural projects featured in the programme include €2 million to upgrade the Parkway roundabout, €6 million is for a bus link between the University of Limerick and the Parkway Shopping Centre, and €2 million on essential bridge repairs.

The controversial €16 million pedestrian bridge linking Arthur’s Quay to the Treaty Stone is also featured in the programme.

Limerick Regeneration also benefits from the plan, with a total of €68 million set aside for construction projects in Regeneration areas, including €16.5 million for the Coonagh-Knockalisheen Distributor Road and €9.8 million for a construction scheme on Lord Edward Street.

 

The capital plan also includes:

– €11m for flood protection in St Mary’s Park, Corbally Banks and Condell Road
-€2m on a digital learning hub at the Biblical Centre near the Dominicans
– €700,000 on Park and Ride facilities
– €6.05m on Dock Road improvements
– €3m on pedestrianisation of O’Connell Street
– €6.3m on N69 Foynes to Limerick road
– €3.45m to be spent on Regeneration demolitions and security
– €1m on Mungret College redevelopment
– €1.2m on Mungret Park
– €1.56m for new burial grounds in Abbeyfeale, Murroe, Adare, Kilmallock and Caherconlish
– €9m for social intervention grants
– €3m for Moyross Community Centre
– €2m on flood protection in Foynes
– €9.3m for Cosgrave Park Regeneration building project