The Royal Canal meets the River Liffey at Spencer Dock (more or less: older OSI maps suggest that the section between Sheriff Street and the Liffey is Royal Canal Docks, with Spender Docks north of Sheriff Street). Much development has been proposed, and perhaps undertaken, in the area, where CIE (the public transport authority) owned much land.
Now, the Sunday Business Post tells us [perhaps behind a paywall], CIE’s subsidiary Irish Rail, which runs railways, is to sell land at Spencer Dock to a “private sector buyer”. The proceeds will enable Irish Rail to get rid of another 120 workers: it planned to lay off 300 workers this year but only 89 left because Irish Rail could not afford the terms of a voluntary redundancy scheme. The departures will reduce its wage bill.
I don’t really understand why CIE doesn’t simply shut down Irish Rail altogether, with the possible exception of the Dublin commuter services. Even its main-line trains are surely unnecessary now that most major conurbations are linked by motorways, on many (if not all) of which Bus Éireann, another subsidiary of CIE, runs express services. Lunatic ideas like the Western Rail Corridor don’t help, of course, but when, as the SBP reports,
[…] a train was recently left stranded in Galway after a local supplier refused to provide further credit […]
and when the company (again according to the SBP) cannot afford toilet rolls or receipt rolls for credit card machines, it may be that the market is trying to give the owners of the business a message: “close down now”.