Welcoming the expansion plans by the University of Limerick which will see a Capital Development Programme rolled out over the next five years, Clare T.D. and Chairman of the Oireachtas Committee on Foreign Affairs and Trade Pat Breen T.D. said today (Wednesday) that the continuing development of the Regions Educational infrastructure is critical in attracting new Foreign Direct Investment.
“I very much welcome the new capital development programme at the University of Limerick. Expansion of the University’s research and academic facilities as well as the new library and student facilities provides a much needed economic boost for the Region. Given that this project is expected to generate up to a 1,000 jobs with 710 construction related the construction phase provides employment opportunities for construction workers across Clare.
Ireland’s ranking as the best country in the world in which to do business by the magazine Forbes will help to further cement our reputation as being an ideal location for foreign direct investment and it is important this Region capitalises on this.
Our ability to attract FDI is significantly influenced by having a world class infrastructure in place. We have an International Airport on our doorstep at Shannon Airport, our road and rail infrastructure has improved significantly over the past number of years.
The key to unlocking the further attractiveness of this Region for Foreign Investment is continuing to improve our Third Level Infrastructure. This Capital Programme being undertaken by UL is very hugely significant and it will pay dividends in terms of continuing to have a production line of graduates coming on stream to match the demand of International Investors.