As Minister for Transport, Tourism and Sport, I have responsibility for overall policy in relation to national roads. More specifically, the statutory powers to levy tolls on national roads, to make toll bye-laws and to enter into toll agreements with private investors are vested in TII.
€100 million is not available to TII arising from the European Court of Justice (ECJ) decision on the application of VAT to tolls on the M50 and Dublin Tunnel. As indicated previously, while Revenue has indicated to TII in light of the ECJ decision that VAT is not applicable to the toll charges, Revenue has not concluded its consideration on the close out of the appeal, including the issue of a payment of a refund.
Following the Revenue's confirmation of the decision on VAT, TII has stopped making payments to Revenue with effect from April this year and it is this saving that is being used by TII to fund the cost of the proposed safety schemes.