When approving the implementation of the £430.6 million Railway Safety Programme 1999–2003 the Government also approved an annual Exchequer contribution for five years. The precise amount of that contribution will be determined as soon as an independent review of the scope for revenue generation from CIE's surplus property portfolio has been completed and a property disposal programme has been agreed.
It is anticipated that the non-safety related capital expenditure planned by Iarnród Éireann in the period up to 2003 will be funded by a combination of CIE internal resources, borrowing and EU grants.
Proposals from consultants to undertake the independent review are currently being jointly considered by my Department and the Department of Finance and an appointment will be made shortly.
Non-safety related investment requirements for the railway are being considered as part of the strategic transport needs for the country as a whole in the context of the preparation of the national development plan.