Transport Infrastructure Ireland has admitted to the Dáil’s Public Accounts Committee that the State has paid DirectRoute Limerick EUR34 million (US$40.1 million) under the terms of the PPP contract to compensate for lower-than-expected traffic
Subscribe to our newsletter and get the latest news and business opportunities in your inbox
Transport Infrastructure Ireland has admitted to the Dáil’s Public Accounts Committee that the State has paid DirectRoute Limerick EUR34 million (US$40.1 million) under the terms of the PPP contract to compensate for lower-than-expected traffic. Conservative estimates project further traffic payments of about EUR150 million over the remainder of the contract, bringing the total projected State expenditure to about EUR200 million