Fears That Ennis 2040 DAC Will Not Have Means Pay Off Loan Expressed at Ennis MD

Renewed fears are being expressed that the Ennis 2040 DAC won't be able to pay off its €10 million loan. The loan in question was approved by elected members of Clare County Council in June of 2021 by a margin of 23 to five. At this week's meeting of Ennis Municipal District, Clarecastle Fianna Fáil Councillor Tom O'Callaghan has requested a report on the total costs incurred by or on behalf of the company since its establishment. Repayments on the loan are interest free for the first three years, with repayments beginning this year. Clare FM's Seán Lyons has been speaking to Clarecastle Sinn Féin Councillor Tommy Guilfoyle who spoke in support of the motion, but first caught up with Councillor O'Callaghan about why he brought it forward. Image © Ennis 2040 DAC