As the Deputy may be aware, the capital allocation provided to my Department in Budget 2020 is €1,943m. This represents an increase of more than €357m over 2019 levels.
In the Press Release linked below, Minister of State Griffin and I have listed the investment priorities within my Department for 2020 and also provided information on how the Capital Allocation will be invested.
As part of the National Development Plan my Department's expected capital allocation for 2021 is €2,526m and for 2022 it is €2,405m, as set out in Appendix 7 of the Revised Estimates for 2019. An additional €125m of capital re-profiled in the 2020 budget is expected to be allocated in 2021-2023, with the bulk of the capital being allocated in 2021. As of yet we do not have our Capital allocations finalised from 2023 onwards.
The planned increase in the capital ceiling for this Department is to support increasing investment across a range of capital projects managed by the Department mainly in the areas of Public Transport and Roads, as set out in the Project Ireland 2040 Tracker, available at the following link.