Part of the money raised from the sale of Aer Lingus is being invested in Shannon Airport.
The Airport has secured a 10 million euro loan from the state, as it looks to upgrade its runway.
Works on the 15 million euro project are taking place in the coming months.
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Details of the loan were first reported by The Irish Times, who say that neither Shannon Group nor the State’s Irish Strategic Investment Fund responded to a request for comment.