Three thousand jobs are expected to be created in Limerick, as part of the largest-ever urban investment in Ireland by the European Investment Bank.
A loan to Limerick City And County Council worth 85 million euro is being provided to develop the opera centre site.
“Project Opera” forms part of the Limerick 20-30 project, which aims to make the city an economic hub for the southwest.
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James Ring, CEO of Limerick Chamber, says today’s news shows the county is ready for investment on this scale: