There’s calls for urgent transparency surrounding the assets and expenses of the Ennis 2040 DAC.
It’s after this week’s meeting of Clare County Council revealed that interest repayments on the designated activity company’s €10m loan are expected to cost €650,000 per year, when the full amount is drawn drown.
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It’s anticipated the remaining €7.8m will be drawn this year and will go towards strategic projects at Abbey Street, Francis Street, the Post Office Field and Harvey’s Quay.
Clarecastle Fianna Fáil Councillor Tom O’Callaghan fears the loan will not be repaid.
Listen to the full interview here
