Dublin could have a new metro service by 2025 completely funded by private investment, according to the CEO of Dublin Metro. Jed van de Poll says that the format has already worked successfully in Madrid at a fraction of the cost of the Jubilee Line in London. The Metro Dublin plan would cost €9bn, which he says is a third of what would normally be considered for a project of this size. However, he says that no Government funding is required as private funding would be forthcoming for half of the cost while the other half would come from the European Investment Bank which was set up to fund such projects. The Dublin Metro group has met with Minister for Transport Shane Ross from whom they received “a very positive response.” They are already in discussions with An Bord Pleanala and are hoping for a meeting with the National Transport Authority.

Source: Evening echo December 03, 2018 09:00 UTC