I am aware of the Hibernia Atlantic Express project referred to by the Deputy. I would very much welcome an investment by the Company, as referred to by the Deputy, that would lead to improved international connectivity.
As regards any exchequer support for such an investment, the electronic communications market is, and has been since its liberalisation, a commercial competitive market. The State can only intervene in the market in limited circumstances and in such circumstances this would be following State Aid approval from the European Commission and a public tender procurement process. In addition, any such assistance would have to meet the tests of capital appraisal and affordability in the current acutely difficult fiscal climate.
Additionally, I am aware of at least one similar proposal. Any appraisal must be on an open and transparent basis that assesses the comparative merits of all projects that might be submitted. I do nonetheless recognise the importance of improved international connectivity to national and regional economic development. I will therefore maintain close contact with the promoters of this project and closely monitor its progress.