Irish Rail to get €162 million

[Kilocharlie]

Story in the Irish Times on the 4th re 162m or maybe just 100m or 95m for IE curtsey of the Govt.

http://www.irishtimes.com/news/ireland/irish-news/government-to-provide-162-million-lifeline-for-cash-strapped-iarnr%C3%B3d-%C3%A9ireann-1.2026099

[ACustomer]

A totally confused piece by Tim O'Brien of the Irish Times. I'm not surprised at really bad and sloppy reporting from that newspaper. All views and very little news.

[Jamie2k9]

So 100 million between Bus and Rail companies. I don't really understand where the 95 million shortfall is. Should it read 9.5 million on losses this year, that would mean a 7 million drop over 2013. Wage, fleet cuts, fare increases and passenger growth. Am I being to optimistic!

Speed is still an issue so hopefully it can address it on the network.

[Mark Gleeson]

This is capital funding to side step some issues with EU rules.

Mainly focused on safety projects and repairs, so Cork & Waterford will get some cash. Further level crossing upgrades etc and as always some recycling of existing committed funding for Dublin signalling projects