Defence capital funding is invested in equipment replacement and renewal and infrastructure development across the Army, Air Corps and Naval Service and ensures that the Defence Forces have the capabilities necessary to deliver on all their roles, assigned by Government.
In the past five years procurement of the new Off-Shore Patrol Vessels for the Naval Service was the only project costing in excess of €100 million, for Defence. The Naval Vessel replacement programme has seen the delivery of four new vessels, with the final vessel commissioned into service in April 2019. Investment in this programme amounted to €270 million, since 2010. Additionally consultancy costs of €85,603 associated with the planning stages of the project were incurred in 2008.