Dáil Éireann Debate, Tuesday - 21 May 2013
119. Deputy Aengus Ó Snodaigh asked the Minister for Finance further to the announcement by the National Asset Management Agency in May 2012 of €2bn of investment in property under its control over the course of four years, if he will confirm, in respect of that specific investment announcement, the total investment approved to date and the total investment provided to date. [23966/13]
View answer208. Deputy Pearse Doherty asked the Minister for Finance further to the announcement by the National Asset Management Agency in May 2012 of €2bn of investment to confirm the way this investment is differentiated by NAMA with other advances made prior to the announcement, and in respect of the investment not covered by the €2bn announcement, the investment approved to date and the total investment provided to date. [24113/13]
View answerI propose to take Questions Nos. 119 and 208 together.
I am advised that NAMA expects, as announced in May 2012, to advance at least €2 billion for projects in Ireland under the control of its debtors and receivers over the period to end-2016. As previously indicated by NAMA, the €2 billion in development capital is in addition to the €500 million that had been advanced for projects in Ireland prior to May 2012. NAMA advises that from inception to end-April 2013 it had approved over €1.8 billion in new advances, of which €800 million relates to projects in Ireland.
