David Stanton
Question:190. Deputy David Stanton asked the Minister for Transport his Department’s capital underspend, if any, in 2023; his Department’s projected spend for 2024; and if he will make a statement on the matter. [13888/24]
View answerDáil Éireann Debate, Tuesday - 9 April 2024
190. Deputy David Stanton asked the Minister for Transport his Department’s capital underspend, if any, in 2023; his Department’s projected spend for 2024; and if he will make a statement on the matter. [13888/24]
View answerThe Department’s total capital budget for 2023 was €2,622.254m. The actual expenditure for 2023 was €2,473.792m, €140.920m (5.4%) was deferred to spend in 2024 and the return to the Exchequer, €7.542m (0.20%).
The Department's capital budget for 2024 is €2,679.450m plus deferred surrender of €140.920m. In addition, funding of €56m has been agreed from the RePowerEU fund for charging infrastructure at Drogheda train station, and €1.5m from the Shared Island fund for the Carlingford Greenway. These funds will be added to the Revised Estimates during the course of 2024. The Department expects to invest its entire capital allocation for 2024.