MetroLink paid €80m for prime Dublin city site. But was the deal necessary?
Transport Infrastructure Ireland has purchased the 'Carlton Site' in Dublin for over €80 million to facilitate the development of the MetroLink project. This acquisition follows a series of expensive property deals and legal settlements required to clear the path for the new railway line.
Why it matters
The deal highlights the significant financial and legal hurdles facing major state infrastructure projects in urban environments.
State transport developer Transport Infrastructure Ireland (TII) has an impressive record of making legal challenges go away by throwing money at the problem. A case in point was its deal to purchase a row of houses last December at Dartmouth Square in Ranelagh, Dublin, for a combined total of more than €30 million .
The article reports on public spending and infrastructure development using a factual, investigative tone without taking a political stance.
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