Friday January 24, 2020

Toll guarantees will cost taxpayer millions until 2041

The state is facing penalties of many millions of euro for a staggering 27 years over the M3 motorway and Limerick Tunnel projects.

Michael Brennan

Political Editor

@obraonain
9th March, 2014
The state has already paid out almost €29 million in compensation to the operators of the M3 and the Limerick Tunnel.

The state is facing penalties of many millions of Euro for a staggering 27 years over the M3 motorway and Limerick Tunnel projects. This is due to a secret deal which guaranteed increases in traffic every year.

The state has already paid out almost €29 million in compensation to the operators in the last four years because not enough motorists are using the roads.

But The Sunday Business Post can reveal for the first time that...

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