Construction BUSINESS

€100 Million Investment For Four Capital Developments at Trinity College Dublin

 Breaking News
  • Opening of Stephenstown Link Road in Balbriggan The Stephenstown Link Road, constructed by Jons Civil Engineering, has been officially opened with Mayor of Fingal Cllr Anthony Lavin cutting the ribbon on this key piece of infrastructure development within Balbriggan. The new Link Road in Stephenstown Industrial Park runs from the existing roundabout on the Stephenstown Road to a new roundabout on Clonard Street Road, [...]...
  • The UK National Construction Expo – The Arena MK, Milton Keynes – 1st May 2019 The UK National Construction Expo is being held at the Arena MK, Milton Keynes in England on Wednesday, 1st May 2019. Although British construction activity overall has slowed, chiefly due to businesses continuing to postpone major building projects due to Brexit uncertainty, which is impacting the commercial construction and civil engineering sectors, house building remains buoyant. Of [...]...
  • Key Advisor Line-up For Waterford North Quays and Michael Street Development Projects Falcon Real Estate Development Ireland, the company that is backing the Waterford North Quays and Michael Street development projects, has appointed its key advisors including the leasing agency and design team for the project. Cushman & Wakefield, a leading global real estate service firm, has been appointed as the leasing agency for the entire North Quays [...]...
  • Ballymun’s Potential as a European Leader in Housing Planning and housing experts have examined Ballymun’s potential as a European leader for innovative housing development, as part of the recent Vienna Model of Housing exhibition in Dublin. Previous planning within the Ballymun area indicates a lack of consideration for community development, with no main street or community focal point currently present. Dublin City Council’s local [...]...
  • 200 Construction Jobs at Johnson & Johnson Vision Care Limerick Facility Approximately 200 workers are expected to be employed in the construction phase of Johnson & Johnson Vision Care’s planned €100 million expansion of its manufacturing operations at its site in the National Technology Park, Plassey, Limerick. The project is supported by the Irish Government through IDA Ireland. IDA Ireland CEO Martin Shanahan said: “This is a significant announcement. Already [...]...

€100 Million Investment For Four Capital Developments at Trinity College Dublin

€100 Million Investment For Four Capital Developments at Trinity College Dublin
October 16
10:24 2018

Teaching, research and student accommodation at Trinity College Dublin will be transformed over the next two years with the backing of a €100 million long-term European Investment Bank (EIB) loan for four capital developments across the campus.

This will include the flagship E3-Engineering, Environment and Emerging Technologies initiative at Trinity. Central to the vision of E3 is the construction of the Learning Foundry, a state-of-the-art 6,086 square metre facility based on the main Trinity campus which will deliver new teaching facilities and an innovative interactive learning space for undergraduate and postgraduate students.

The Schools of Engineering, Computer Science and Statistics, and Natural Sciences will share the new Learning Foundry which will be a launchpad for a new kind of education experience for students with a focus on collaborative and project work. It will have capacity for 1,800 additional places for students of Science, Technology, Engineering and Mathematics (STEM) which constitutes an increase of 50% STEM places over ten years.

Other capital developments will include the expansion of student accommodation at Trinity Hall in Dartry to house 300 new beds for students, as well as the expansion of the School of Law and the refurbishment of the Arts Block.

Dr Patrick Prendergast, Trinity Provost, and EIB VP, Andrew McDowell, pictured with students Pranav Darshan and Ana-Maria Murphy-Teixidor.

The 30 year loan from the world’s largest internationally owned public bank will be used by Trinity alongside other sources of financing, including philanthropic donations.

The European Investment Bank is the long-term lending institution of the European Union. Its priority is to support projects that make significant contribution to growth and employment in Europe. The EIB support was announced during a visit to Trinity College by Vice President of the European Investment Bank, Andrew McDowell where he was welcomed by Trinity Provost, Dr Patrick Prendergast.

Vice President of the European Investment Bank, Andrew McDowell, said: “New investment is crucial to continually strengthen research, educational excellence and world-class innovation, as well as provide students with skills for the 21stcentury. The impact of visionary investment can be seen here at Trinity College, the largest university beneficiary of European Investment Bank support in Ireland, where we have provided more than €245 million for new investment over the last decade. In recent years the EIB has supported transformational investment as all Irish universities and EIB are pleased to continue our close cooperation with the sector with the new €100 million loan agreed.”

Provost of Trinity College Dublin, Dr Patrick Prendergast, said: “We are investing in educational and research facilities for the benefit of all our students and staff. The financing EIB has provided to Trinity has been crucial in strengthening our research and education facilities. Without such support, we would not have been able to progress with important flagship projects such as E3 and much needed student accommodation. Their support combined with important philanthropic fundraising are essential in building a better university for the benefit of all.”

Earlier this year, the Naughton family made the single largest private philanthropic donation in the history of the state to the new E3 development by donating €25 million. An additional €15 million is being made available by the Department of Education and Skills. This funding will be provided through the Higher Education Authority (HEA).

The proposed student accommodation at Trinity Hall is in addition to the student residence which is currently under construction at the Printing House Square development on Pearse Street which will provide accommodation for 250 students, as well as a student health centre, disability service centre and sports facilities.

About Author

admin

admin

Related Articles


Constrcution Summit

PROMO – Construction Summit 2016 – Sustaining the Momentum

Lean Construction Ireland – Enhancing Ireland’s Competitive Advantage

The Magazine – Construction Business

The Magazine – Construction Summit 2016

The Magazine – Construction Summit

Upcoming Events

  • No upcoming events
AEC v1.0.4

New Subscriber

Subscribe Here



Advertisements