Dáil Éireann Debate, Thursday - 1 February 2024
187. Deputy Bernard J. Durkan asked the Minister for Transport the extent to which he remains satisfied regarding the adequacy of capital investment in the transport sector for the foreseeable future; and if he will make a statement on the matter. [4878/24]
View answerThe Department is fully funded for 2024. A share of the €2.25bn windfall capital fund is currently being negotiated for the period 2025 and 2026. Later in the year, the Department expects to engage with DPENDR in negotiating the capital ceilings for 2026 to 2030 inclusive, as part of the Summer Economic Statement process, relating to the remainder of the €35bn capital envelope agreed for the period 2021-2030. These allocations combined will see a significant uplift in the annual capital allocations between 2025-2030. Agreeing the capital allocations will assist the Department in planning into the medium term and prioritising and sequencing the full range of projects that will continue to emerge from the planning system in the coming years, as well as funding existing commitments, for example protection and renewal and active travel investment. Our priority as a Department remains as being the delivery of €35 billion investment envisaged in the National Development Plan.
