OK, I'm aware that this whole announcement does need to be taken with a cargo-load of salt... but I get the impression that on the day Metro North opens, you'll find PVC King outside the O'Connell Bridge station, with his fingers in his ears, shouting 'The Metro will never be built' over and over.
Yes, a healthy dose of cynicism is required whenever this government announce anything, but PVC's proclamations of doom are increasing in desperation it seems. But, of course, bully for him if he's proven right.
I will be sitting on the beach in St Martin happily retired by the time either metro north is built or the time metro north is built and the IMF have given the Dept of Finance back to the electorate.
Include Metro North as is with the hugely expensive City Centre underground section, the Tuam motorway and other completely over-spec'd projects and you will have the IMF running the country.
Conversely target investment into projects like Dart underground and built Metro North as Luas from DCU into the Luas Link up and preserve scarce capital investment to invest in REAL JOB CREATION and then the focus will grow the economy by allowing future governments space to cut taxes and attract the highly mobile Foreign Direct Investment that has lifted the country from second World to First World before reality was abandoned in the run up to 2008; just one example of private sector innovation; Blackrock Fund Managers based in the IFSC have developed a financial product called I-Shares (ETF) which allows investors to avoid paying stamp duty in tracking global indexes; margins are small but the potential is vast if they can crack the European market to same extent that ETFs dominate North American investment; give those guys €100k a job and they'll still be there in 10 years by which time all of the subsidy is paid back.
I'd love to see Metro North being viable; bring back the boom where 95,000 residential units are being built a year and unemployment is sub 4%. Sadly projects like Metro North and the Tuam Motorway are a luxury that have passed their sell by date.