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Schools set for revamp with €100m bank loan

Schools are set to benefit from a new €100m initiative to build classrooms and upgrade existing facilities.

The European Investment Bank has agreed to provide the long-term loan to the Government to reform infrastructure in education.

The initiative will see more than 550 new classrooms being built across the county, with up to 35 primary schools and 12 secondary schools earmarked for modernisation.



BENEFIT

Minister for Education and Skills Ruairi Quinn described how the funding will benefit the taxpayer and schools in need of improvement: "The long-term loan provides a more efficient and cost-effective means of funding this programme than would otherwise be possible. It is a very welcome development and is good news for the taxpayer, not to mention pupils and teachers across the nation."

hnews@herald.ie