Maynooth University has announced a E150 million investment to develop academic, research and residence facilities as part of its Campus Master Plan. The investment is backed by new support from the European Investment Bank (EIB), which will provide E76 million for the scheme, alongside financing from University resources. Among other projects, the long-term loan from the EIB will fund the construction of new Information and Communications Technology (ICT) and Education hubs, apartment accommodation for 300 students, state-of-the-art academic and student services buildings, and sports facilities. These projects represent the first phase of a burgeoning Campus Master Plan that will facilitate the University's growth to 13,000 students (from 10,500) by 2020. Discussing the investment, Professor Philip Nolan, President of Maynooth University, said: "This is a milestone for Maynooth University, with significant investment which will expand our capacity to deliver the highest quality educational experience in Ireland for many years to come. Students, parents and staff expect and deserve world-class infrastructure for learning, research and living, and this investment will help realise our ambitious vision for Maynooth University." Professor Nolan will also announce the commencement of a University-wide consultation process on a comprehensive Campus Master Plan, to be followed by a public consultation period. For more visit www.businessworld.ie