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EIB to lend €100 million for University of Limerick expansion

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EIB to lend €100 million for University of Limerick expansion

EIB to lend €100 million for University of Limerick expansion
December 09
15:32 2013

The European Investment Bank is providing a loan of €100 million to fund the University of Limerick’s four-year capital development plan.

The €224 million plan, which runs from 2014 to 2018, consists of 12 infrastructural developments on the university’s north and south campus, construction of a new clinical education research building and development of a city centre campus in Limerick.

“The granting of this loan facility clearly indicates a very welcome endorsement of UL’s development plans by the European Investment Bank,” said Professor Don Barry, president of the University of Limerick.

The plan is expected to lead to the creation of 1,000 jobs, including 710 construction-related jobs.

Funding for the rest of the development plan will be secured from a number of sources, including philanthropic donors, state grants, commercial activities and University of Limerick funding.

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