Menu
09/12/2013
UL Launches Capital Development Plan
The European Investment Bank has agreed to provide €100m for the University of Limerick's Capital Development Plan 2014 – 2018.
The European Investment Bank loan was formally agreed by Professor Don Barry, President of the University of Limerick and Jonathan Taylor, European Investment Bank Vice President responsible for Ireland, and witnessed by Michael Noonan TD, Minister for Finance and Governor of the European Investment Bank.
The university's €224m Capital Development Plan consists of 12 infrastructural developments on the University's north and south campus, construction of a new Clinical Education Research building on the site of the University Hospital Limerick, and development of a City Centre Campus including student residences and an academic building in Limerick City Centre.
"Our Plan outlines our vision for the future development and expansion of the University of Limerick covering 50,000 square metres of state-of-the-art research, student, sports and academic facilities.
"The granting of this loan facility clearly indicates a very welcome endorsement of UL's development plans by the European Investment Bank. We look forward to working closely with the EIB to optimise the benefits which this will deliver for UL, for Limerick and for Ireland and the EU as we extend UL's role as a dynamic agent of economic, social and cultural development.
"UL is committed to making a major contribution to the Limerick 2030 Economic and Spatial Plan which will allow us all to work in partnership to deliver a true renaissance of Limerick," said Professor Don Barry, President of the University of Limerick, speaking at the launch of the UL Capital Development Plan 2014-2018.
"Expansion of the University of Limerick's research and academic facilities, as well as a new library and student facilities will transform education and student life for future generations. Whilst the new City Centre campus will provide an economic boost and new living accommodation in Limerick.
"The European Investment Bank is pleased to continue its support for university investment in Ireland and help implement the University of Limerick’s Capital Development Plan, an ambitious framework for transforming education opportunities over the coming years," said Jonathan Taylor, European Investment Bank Vice President.
Some 1,000 jobs are expected to be created over the lifetime of the Development Plan with 290 full-time high value positions and 710 construction related positions over the period of the plan.
The off-campus capital developments are valued at €62m and represent 30% of the overall investment of the Development Plan. Funding for the remainder of UL's Capital Development Plan will be secured from a number of sources, including philanthropic donors, state grants, commercial activities and University of Limerick funding.
(CD/JP)
The European Investment Bank loan was formally agreed by Professor Don Barry, President of the University of Limerick and Jonathan Taylor, European Investment Bank Vice President responsible for Ireland, and witnessed by Michael Noonan TD, Minister for Finance and Governor of the European Investment Bank.
The university's €224m Capital Development Plan consists of 12 infrastructural developments on the University's north and south campus, construction of a new Clinical Education Research building on the site of the University Hospital Limerick, and development of a City Centre Campus including student residences and an academic building in Limerick City Centre.
"Our Plan outlines our vision for the future development and expansion of the University of Limerick covering 50,000 square metres of state-of-the-art research, student, sports and academic facilities.
"The granting of this loan facility clearly indicates a very welcome endorsement of UL's development plans by the European Investment Bank. We look forward to working closely with the EIB to optimise the benefits which this will deliver for UL, for Limerick and for Ireland and the EU as we extend UL's role as a dynamic agent of economic, social and cultural development.
"UL is committed to making a major contribution to the Limerick 2030 Economic and Spatial Plan which will allow us all to work in partnership to deliver a true renaissance of Limerick," said Professor Don Barry, President of the University of Limerick, speaking at the launch of the UL Capital Development Plan 2014-2018.
"Expansion of the University of Limerick's research and academic facilities, as well as a new library and student facilities will transform education and student life for future generations. Whilst the new City Centre campus will provide an economic boost and new living accommodation in Limerick.
"The European Investment Bank is pleased to continue its support for university investment in Ireland and help implement the University of Limerick’s Capital Development Plan, an ambitious framework for transforming education opportunities over the coming years," said Jonathan Taylor, European Investment Bank Vice President.
Some 1,000 jobs are expected to be created over the lifetime of the Development Plan with 290 full-time high value positions and 710 construction related positions over the period of the plan.
The off-campus capital developments are valued at €62m and represent 30% of the overall investment of the Development Plan. Funding for the remainder of UL's Capital Development Plan will be secured from a number of sources, including philanthropic donors, state grants, commercial activities and University of Limerick funding.
(CD/JP)
Related Irish News Stories
Click here for the latest headlines.
23 September 2016
Investigation Launched Following Bone Discovery In Co Clare
An investigation has been launched following the discovery of a bone in Co Clare. A bone was found on Thursday, 22 September, on the Shannon riverbank at Doonass, Clonlara, on the Clare-Limerick border. Gardaí were called to the scene and are understood to have examined and photographed the scene before the bone was removed.
Investigation Launched Following Bone Discovery In Co Clare
An investigation has been launched following the discovery of a bone in Co Clare. A bone was found on Thursday, 22 September, on the Shannon riverbank at Doonass, Clonlara, on the Clare-Limerick border. Gardaí were called to the scene and are understood to have examined and photographed the scene before the bone was removed.
06 June 2016
Man Dies In Limerick Collision
A man has died in a crash in Co Limerick. The car veered off the road and hit a ditch at Dromsallagh at around 4.15am on Sunday, 05 June. The man was pronounced dead at the scene. A second man is currently being treated for his injuries at the University Hospital Limerick. The road has been re-opened.
Man Dies In Limerick Collision
A man has died in a crash in Co Limerick. The car veered off the road and hit a ditch at Dromsallagh at around 4.15am on Sunday, 05 June. The man was pronounced dead at the scene. A second man is currently being treated for his injuries at the University Hospital Limerick. The road has been re-opened.
06 June 2016
Man Dies In Tipperary Collision
A man, aged in his 70s, has died in a collision in Tipperary. He was killed after the car he was driving collided with another car in Borrisokane on Sunday, 05 June, at around 5.15pm. The woman in the other car sustained serious injuries and is currently being treated at Limerick University Hospital.
Man Dies In Tipperary Collision
A man, aged in his 70s, has died in a collision in Tipperary. He was killed after the car he was driving collided with another car in Borrisokane on Sunday, 05 June, at around 5.15pm. The woman in the other car sustained serious injuries and is currently being treated at Limerick University Hospital.
09 December 2016
Human Remains Confirmed As Missing Limerick Woman
Human remains found in Galway Bay on 29 November have been confirmed as those of missing Limerick woman, Maria Hennigar. The 35-year-old was reported missing on 22 November, although she had not been seen earlier that month.
Human Remains Confirmed As Missing Limerick Woman
Human remains found in Galway Bay on 29 November have been confirmed as those of missing Limerick woman, Maria Hennigar. The 35-year-old was reported missing on 22 November, although she had not been seen earlier that month.
26 April 2016
Searches Launched Across Limerick City
Up to 20 searches are being carried out across Limerick City this morning, 26 April, as part of an operation targeting criminal activity. Gardaí launched the operation in the early hours of Tuesday morning and the operation is ongoing. One man, aged in his 20s, has been arrested under the provisions of Section 4 – Criminal Justice Act 1984.
Searches Launched Across Limerick City
Up to 20 searches are being carried out across Limerick City this morning, 26 April, as part of an operation targeting criminal activity. Gardaí launched the operation in the early hours of Tuesday morning and the operation is ongoing. One man, aged in his 20s, has been arrested under the provisions of Section 4 – Criminal Justice Act 1984.
-
Ireland WeatherToday:Gale, coastal severe gale, northwest winds ease from late afternoon. Scattered showers will fall as snow over the hills at first, becoming isolated from mid-afternoon. Maximum temperature 7 °C.Tonight:Showers, scattered in the evening, will clear by midnight leaving the night dry with clear spells. Cloud will spread east towards morning. Minimum temperature 2 °C.
