Three major Limerick projects have been awarded €6.2m in funding from the Urban Regeneration and Development Fund.
The Opera Project received the largest sum with €1,839,000 intended to develop the non-commercial elements of the 1.62-hectare city centre site, including a new city library.
The Limerick Metropolitan Area received six percent of the national fund, which was designed to rejuvenate and make the Limerick city region a more attractive place to live work and play, according to the Mayor of the City and County of Limerick, Cllr James Collins.
He said: “The funding is another vote of confidence in Limerick and the Limerick 2030 Economic and Spatial Plan as we continue to redevelop Limerick City Centre.”
The revitalisation of O’Connell Street will receive €905,000, while University of Limerick’s Digital District project will benefit from €750,000.
All projects are due to be initiated in 2019.
“These are projects, which are going to transform Limerick in the years to come. All of these projects will hopefully encourage more private investors to look again at the potential of Limerick,” the Mayor added.
A further five urban project proposals have been earmarked for 2019 funding, subject to approval – these include a Digital Collaboration and Virtual Reality Centre on Cecil Street, and the development of a world-class waterfront.
The Urban Regeneration and Development Fund was established to support more compact and sustainable development, through the regeneration and rejuvenation of Ireland’s five cities and other large towns and make urban areas more attractive to live, invest, and visit in.
This announcement follows last Friday’s release of the successful applicants for the rural strand of the funding.
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