A memorandum of agreement has been signed by Cycling Ireland (CI) and Technological University of the Shannon (TUS) to create the €15.4 million velodrome.

The velodrome, which is anticipated to be finished by 2027, will play a key role in the new multipurpose sports stadium that is being planned on the Technological University's Coonagh Campus property.

A 200-meter cycling track, restrooms, storage, and 476 permanent seats for spectators will all be included.

In addition to housing facilities for a variety of sports including gymnastics, badminton, volleyball and tennis, the projected 8,000 square metre arena is also intended to house events and examinations.

With plans in place for Ireland's first indoor cycling track at the National Velodrome and Badminton Centre in Abbotstown, which is also expected to be completed by 2027, the Limerick arena would become the country's first indoor velodrome outside of Dublin.

Neill Delhaye, Cycling Ireland High Performance Head Coach, said:

"Sports infrastructure projects, like this Limerick Velodrome, have a hugely positive & wide reaching community benefit. To be able to train, race, have fun and compete all year round in a safe, spectator friendly environment is a potential game changer for cycling at every level from participation, pathway development and all the way to high performance."