UCC’s total investment of €241 million to fund significant University developments
Europe’s long-term lending institution, the European Investment Bank (EIB) has signed a €100 million loan agreement with University College Cork, supporting an ambitious €241 million development plan for UCC, which is the current holder of the Sunday Times University of the Year award.
With more than 500 new jobs likely to be created in the construction sector during the investment term, the impact for the Cork region will also be very significant.
Welcoming the delegation of EIB senior officials to UCC, UCC President Dr Michael Murphy said the €100 EIB loan would fuel ‘the most exciting phase of the University’s expansion to date’ and said the investment by the EIB will have enormous impact not only for University College Cork, but for education and research nationally and internationally.
More than €60 million will be invested in student accommodation, with additional capital expenditure of several million on a new student hub and student services from ICT to UCC Campus facilities upgrades, extensions and refurbishments.
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