Dáil Éireann Debate, Thursday - 6 April 2017
302. Deputy Dara Calleary asked the Minister for Communications, Climate Action and Environment the amount of proceeds from the Aer Lingus sale invested in the connectivity fund; the amount invested from that fund in broadband, fibre optics and other communications projects; the projects that received investment from the fund; and if he will make a statement on the matter. [17358/17]
Amharc ar fhreagraThe acquisition of Aer Lingus by IAG, in 2015, resulted in a receipt of some €335m by the Exchequer for the Government's shareholding in the company. These funds were used to establish a Connectivity Fund, to support commercial projects that enhance connectivity both within and for the State. The Connectivity Fund was established as a sub-Fund of the Ireland Strategic Investment Fund and is being managed by that Fund. My Department has no role in the operation of the fund.
