Dublin could have a new metro service comprising six lines by 2025, and it could be funded entirely by private investment, according to the Jed van de Poll, CEO, Dublin Metro.
Jed van de Poll says that the format has been successful in Madrid at a fraction of the cost of the Jubilee Line in London.
While plans for a one-line Metro North are still in the pipeline, Mr van de Poll said on Newstalk Breakfast that a six-line metro system linking into a central loop and connecting with existing routes and services such as Luas, Dart and Dublin Bus could be built quickly and efficiently using the Madrid model.
The Metro Dublin plan would cost €9bn, which he says is a third of what would usually be considered for a project of this size. However, he says that no Government funding is required as private financing would be forthcoming for half of the cost while the other half would come from the European Investment Bank which was set up to fund such projects.
The Dublin Metro group has met with Minister for Transport Shane Ross from whom they received “a very positive response.” They are currently in discussions with An Bord Pleanala and are hoping for a meeting with the National Transport Authority.
The emerging route of one line between Swords and Sandyford is to cost approximately €3bn.