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Dublin: 11 °C Tuesday 7 April, 2020

Central Bank to pay €30k for extra parking spaces beside new 'fit-for-purpose' HQ

The spaces will be phased out over the next two years as the bank tries to encourage staff to use more sustainable forms of transport.


THE CENTRAL BANK is to pay €30,000 over the next two years for additional parking spaces near its new headquarters at North Wall Quay because its new ‘sustainable’ office building does not have enough spots for all of its staff.

The bank has described its two new office buildings at North Wall Quay and Spencer Dock as providing a “modern, sustainable and fit-for-purpose workplace”.

With 97 spaces in this new building, it offers fewer parking spots for staff and a spokesperson confirmed to this week that the bank will be renting 30 additional spaces for the next two years.

The temporary car park is located on a construction site which neighbours the North Wall Quay building. The Central Bank is paying €500 per space per year – or €15,000 a year in total.

The spokesperson said this was to aid the transition to the new offices and allow staff with car parking permits time to make assess alternative travel arrangements.

More than 1,500 staff were relocated from four different locations to offices on the new campus. The Central Bank said 87% of its workers use sustainable modes of transport such as public transport, cycling or walking.

“To increase the use of sustainable transport, and reduce its parking requirements over time, the Central Bank has compiled a Smarter Travel Action Plan (STAP),” it said. “The plan sets out a series of measures to assist staff and encourage a shift to sustainable travel modes.”

“In accordance with the STAP, the bank will phase out these spaces and the number of permits over time, encouraging staff to avail of sustainable travel modes,” it added.

Read: Warning for borrowers in arrears: Don’t let fear get in the way of saving your home>

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