The European Investment Bank has given its financial backing to a €150-million development plan being pursued by Maynooth University.
The bank has agreed a long-term loan of €76m and the balance will come from university resources. The university’s Campus Master Plan includes substantial buildings for academic and student services along with sports facilities, additions to the main library and student accommodation.
Maynooth announced the EIB approval on 17 February. The substantial investment is needed to provide facilities to accommodate a growth in student numbers from 10,500 today to about 13,000 by 2020, the university said in a statement.
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