Dublin Airport has confirmed this morning that it will proceed with plans for a new parallel runway – with the project estimated to cost as much as €320m.
The DAA, which operates Dublin and Cork airports, said the 3,110-metre long runway is expected to be complete by 2020. The project will support 1,200 jobs during construction.
Read more: Dublin airport could get new runway - DAA looking at bond funding
The total cost will include the new runway itself as well as ancillary facilities.
The DAA will rely on existing planning permission, rather than drafting new plans. The original planning permission was received in 2007, but the project was put on hold due to the economic downturn.