Dáil Éireann Debate, Wednesday - 10 October 2012
112. Deputy Pearse Doherty asked the Minister for Public Expenditure and Reform if he will quantify the amount from the €2.25bn stimulus package announced on 17 July 2012, that has been spent and accounted for in the Exchequer statement at the end of September 2012. [43755/12]
Amharc ar fhreagraOn 17 July 2012, the Government announced its plans for an additional €2.25 billion investment in public infrastructure projects in Ireland. The stimulus package comprises a new Public Private Partnership (PPP) programme which includes projects from the education, health, transport and justice sectors, and also additional Exchequer capital projects and other commercial and publicly needed projects.
As the Deputy will be aware €850 million of this funding is predicated on the receipts of the sale of State assets and the new licensing arrangements for the National Lottery. These funds are likely to be available in 2013 and 2014 onwards.
My Department and the NDFA are closely engaged with the relevant line Departments and their agencies to ensure that PPP projects are progressed promptly. It is expected that tenders will issue across the sectors in 2013 and 2014. There has been no Exchequer spend to date. Spend will occur as projects are rolled out with some project preparation spend expected in 2013. The bulk of funding for the PPP Programme will come from the private sector as private financing is a key component of the PPP procurement model.
Further information about the stimulus package and about the PPP projects is available on the website www.ppp.gov.ie.
