Tipperary Councillors Asked To Approve Proposal Seeking Borrowing Facility Up To 40M

54

Tipperary Councillors will be asked to approve a proposal to seek a borrowing facility up to €40M  when they meet on Monday next.  The funds are being put in place for the purposes of co-funding projects under the URDF and RRDF schemes and other capital projects across the county. Last month the council was awarded €31M via the RRDF for projects in Roscrea, Carrick on Suir and Cahir. The estimated project cost for all three projects is €38.5 million with matching funding to the value of €7.5 million to be provided by the Council.

To date Tipperary County Council has been successful in obtaining funding to the amount of €38 million under Project Ireland 2040. This latest announcement brings the total funding provision to €69 million. Tipperary County Council is working on 17 approved projects spread across the county with a combined estimated project cost of €92 million. 

The 40 councillors will also receive updates on council services in the county, the draft arts strategy, the draft public lighting policy for the county, the disposal of  7 parcels of land, and consider the single motion on the agenda from the Cathaoirleach, Cllr Roger Kennedy.   The motion asks that the “Council liaise with the Minister with responsibility for  Ukrainian refugees in order to get the necessary finance for ancillary services needed to provide the necessary infrastructure to sustain them in community settings.” The December meeting is scheduled for 11am in Nenagh on Monday December 12th.