The company behind the €100m N4 dual carriageway development between Collooney and Castlebaldwin has announced it is going into receivership.
Limerick company, Roadbridge, has been operating since the 1960’s and employs 630 people across Ireland, the UK and Sweden.
Along with the N4 development, Roadbridge was involved in the construction Dublin Airport’s second runway and the Limerick Tunnel.
Roadbridge said in a statement; ‘the Board of Roadbridge Holdings Ltd announces that it has requested Bank of Ireland to appoint receivers to the company.’
Tánaiste Leo Varadkar has described the news as “extremely concerning” and said the Department of Enterprise, Trade and Employment and Enterprise Ireland have been asked to engage with the company “as a matter of urgency”.