Irish Rail has a ‘more severe’ financial crisis pending than Bus Éireann according to a member of the Oireachtas transport committee.
Mick Barry says it’s no surprise that a recent Labour Court submission reveals the company will be two million euro short of insolvency later this year, if its current losses continue.
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The Solidarity TD for Cork North Central has accused the government of ‘running public transport on the cheap’ and says it’s time for realistic public investment.
