The investment, estimated to amount to about €300 million ($353 million), was intended for Amazon Web Services, the company’s cloud computing unit. It wanted the new site for making high-tech server racks for data centers, the Irish Times reported…The news will add to government concerns about the the reliability of its corporate tax revenue…
The AWS decision was linked to power for the project, and issues with the time frame for connecting the site to the electricity grid…
In a bid to become more competitive, the Irish government this week signed off on a €112 billion revised infrastructure plan to run until 2030 aimed at tackling acute housing, energy and water constraints. Investment in key utilities suffered in the aftermath of the global financial crisis, which has become a source of huge frustration to businesses.
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