CIE believes corporation plan could cost it Ł100m

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Archiseek / Ireland / News / 2000 / March 09 2000: CIE believes corporation plan could cost it Ł100m

The Bord Pleanala hearing was toild yesterday that CIE would lose 100 million if Dublin Corporation's amendments to the Spencer Dock development were upheld. Dr Ray Byrne, a former group head of programmes and projects with CIE, said: "The difference between the 4.65 million square feet of development approved by Dublin Corporation and the proposal to develop up to six million square feet represents a potential loss of Ł100 million. The Spencer Dock project will provide CIÉ with several hundred million pounds of funds in the short to medium term for essential investment in public transport infrastructure and rolling stock."

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