I propose to take Questions Nos. 109 and 116 together.
My Department is currently concluding a capital investment framework agreement with the Department of Finance for the period 2004-08. The agreement will give formal effect to the announcement made in the budget by the Minister for Finance that five-year multi-annual capital envelopes would be introduced for all investment areas.
The agreement will provide for an allocation of €2.3 billion to my Department for public transport in the period 2004 to 2008. Direct Exchequer funding will account for more than €1.7 billion while the remainder will come from private investment. CIE own resources will also contribute significantly to the overall investment programme.
In anticipation of the conclusions of the agreement, my Department, in consultation with the relevant State agencies, is drawing up a priorities investment programme for public transport. The programme, as well as determining the priority of projects to be implemented in the period up to 2008, will also look at the period beyond 2008.