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A piece of public sculpture planned for the entrance of the newly renovated town park in Mullingar is to be funded by an innovative plan whereby a part of the capital cost of the new sewerage scheme will pay for its commission.

“It was like a light being switched off in a room” — so said the chairman of the Galway City Business Association, Ronnie O'Gorman when describing the speed with which the financial world collapsed, during his address to the group’s AGM on Tuesday night.