Lets be realistic here, 30-40 million might cover a re-signalling and level crossing automation and sorting out the platforms at Birdhill, Nenagh and Roscrea as well as adding in a crossover at Ballybrophy to simplify through running towards Dublin requiring only a single reversal in both directions vs the current 1 or 3. Proposing new lines is crazy.
Won't make a huge difference in running times, but would make a massive difference to the running costs.
No line anywhere makes a profit, its more a case of minimizing the loss.
You can't divert the Limerick Junction - Limerick shuttle as that walks away from the Cork Limerick market. Even if you spent a stack of money you would be lucky to get a 75mph railway, the 100mph route to Limerick Junction and 80mph to Limerick would still be faster by a wide margin.
To be honest if there was 30-40 million in cash available a complete rebuild and re-signalling of Limerick station would be much higher on the list
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