Dublin City University announce $260m development, with help from the EU

Dublin City University (DCU) has announced a $260m capital development plan that aims to transform the multi-campus facility.

Finance from the Ireland Strategic Investment Fund and the European Investment Bank will enhance its capacity in research and innovation. It will also allow the construction of a student centre, the provision of new sports facilities, additional on-campus accommodation and "21st-century" digital teaching spaces.

The remainder is being provided by philanthropic donations, government grants, student contributions and university funding.

The Ireland Strategic Investment Fund, managed by the National Treasury Management Agency, has initially committed long-term funding of $60m.  

The funds will mostly be spent on halls of residence and are structured to facilitate the provision of EIB funding in parallel.  

The EIB will fund an additional $75m, subject to investments meeting their commercial return and economic impact.

Development will take place over the next five years.

Watch a video of the DCU campus development plan here.

Image via Dublin City University

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