Paul Connaughton
Question:69 Mr. Connaughton asked the Minister for Education and Science whether he has satisfied himself with the development to date of the education technological fund; and if he will make a statement on the matter. [14971/98]
Vol. 492 No. 7
69 Mr. Connaughton asked the Minister for Education and Science whether he has satisfied himself with the development to date of the education technological fund; and if he will make a statement on the matter. [14971/98]
I am very satisfied with the development to date of the Scientific and Technological Education (Investment) Fund.
The fund is a clear statement of this Government's seriousness in addressing key educational issues which impact on our economic performance. I am fully conscious of the need to implement the various projects under the fund with maximum speed and am glad to report that very significant progress has been made to date. To facilitate the earliest commencement of projects I arranged that the first tranche of the fund's provision, i.e. £100 million, be included in my Department's Estimates for this year. This provision is, of course, additional to the normal capital Estimates of my Department.
Over the next two years a further £150 million will be added to the fund which represents the largest ever investment of its type and involves a concentrated scale of building activity never before undertaken in the education sector. The sheer complexity of such an undertaking will, even with the best efforts of all concerned, require an appropriate lead-in time to ensure that we achieve maximum value for the investment.
Already, for example, I have had the pleasant task of joining the authorities of Carlow Institute of Technology at a ceremony marking the signing of a major building contract for over £11 million approved by me under the fund. Also, the Institute of Technology Tallaght, was given approval to proceed immediately with the construction of a major extension, estimated to cost around £12.5 million, and comprising laboratories, lecture theatres and other badly needed facilities. In addition I have given the go-ahead for an investment of £10 million for the upgrading of equipment in the higher education sector.