Merger between IT Tralee and CIT cost over €8.5 million to the end of 2017

The merger between IT Tralee and CIT cost over €8.5 million to the end of 2017.

The project to merge the Institute of Technology Tralee and the Cork Institute of Technology, which first began in 2009, is currently ongoing, with a view to enrolling the first students in September of this year.

The merger between IT Tralee and CIT will result in the creation of the Munster Technological University, which will then comprise two campuses; one in Cork and one in Tralee.

Under a Freedom of Information Act request, the Higher Education Authority revealed that, as of the end of 2017, direct costs relating to the merger were nearly €8.6 million euro (€8,589,119).

These costs include €6.1 million on academic affairs, €1.8 million on programme and change management and €144,000 on corporate affairs.

Projected costs for 2018 reveal an additional €4.7 million was required for the merger last year.

In 2014, it was projected that the merger will involve one-off direct costs of €12m; this excludes internal staff time in both institutions.

 

 

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