The dual carriageway will include the world’s longest three tower ‘extradosed’ bridge
A €230 million deal has been agreed, which will see the construction of a 887m bypass in New Ross, Co. Wexford.
The dual carriageway will include the world’s longest three tower ‘extradosed’ bridge, and will stretch from Pink Point, Co Kilkenny to Stokestown, Co Wexford.
Work on the bypass is planned to commence from March with more than 2,100 people expected to be employed during the construction.
The N25 New Ross is the first project in Ireland to be financed under the Project Bond Credit Enhancement financial structure, a joint initiative between the European Investment Bank and the European Commission.
The project is also the third road scheme identified in the 2012 Infrastructure Stimulus Package to be supported by the European Investment Bank. This follows a €252 million investment in the M11 Gorey to Enniscorthy and N17-N18 Gort to Tuam motorways over the last 2 years.
Speaking to Fleet.ie, Paschal Donohoe TD, Irish Minister for Transport, Tourism and Sport, said that the N25 New Ross Bypass will be, ‘warmly welcomed by all in the southeast’.
“The N25 PPP scheme will bring important economic benefits to the southeast and improve regional and international connectivity (through Rosslare Europort). It will also reduce traffic congestion and provide economic benefits regionally and locally by increasing the attractiveness of bypassed communities as places to shop, to visit, to work and to live,” he said.
“I wish to thank Transport Infrastructure Ireland, the project sponsors, the European Investment Bank, international investors and the County Councils for their hard work in getting this scheme over the line and making this important project a reality. I wish BAM Civil and Dragados every success during the construction phase,” Minister Donohoe added.
Theo Cullinane, BAM Ireland Chief Executive, spoke to the Irish Times saying that this deal was the next step for the company’s investment in transport in the south east.
“This has been a priority for BAM as this deal follows on from our reaching the financial close on the M11 Gorey to Enniscorthy PPP project last October. Construction activity began on that project this month,” he explained.
The motorway, which is expected to be open in 2018, will allow traffic on the N25 between Cork and Waterford to bypass the town of New Ross and cross the Lower Barrow.
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