Tuesday, 27 February 2018

Ceisteanna (632)

Thomas P. Broughan


632. Deputy Thomas P. Broughan asked the Minister for Transport, Tourism and Sport his plans to seek financial investment to fund major transport infrastructure projects, including metro north, from development banks based in the EU, US, Japan and China; and if he will make a statement on the matter. [9636/18]

Amharc ar fhreagra

Freagraí scríofa (Ceist ar Transport)

As the Deputy is aware the recently published National Development Plan (NDP) provides for full Exchequer funding of €91 billion allocated for public capital investment over the period 2018 to 2027. This Exchequer investment will be supplemented with State-backed investment by commercial State-Owned Enterprises to generate a total 10-year investment programme estimated at €116 billion.

It is a stated requirement of the NDP that Departments must ensure that individual projects and investment proposals meet all of the relevant appraisal processes and value-for-money tests required under the Public Spending Code, before Exchequer resources are ultimately expended on the relevant projects. For each project with a capital value over €20 million - which clearly includes Metro Link - as part of the project's appraisal process, the National Development Finance Agency (NDFA) will be consulted to advise on both the optimal financing and appropriate procurement delivery models for the project.