Dáil Éireann Debate, Wednesday - 27 May 2020
1028. Deputy Eoin Ó Broin asked the Minister for Housing, Planning and Local Government the amount of funding approved for the LDA in 2018, 2019 and 2020; the amount drawn down by the LDA in each of these years; the amount of LDA borrowing approved by his Department in 2018, 2019 and 2020; and the amount of borrowing incurred by the LDA in each of these years. [7642/20]
Amharc ar fhreagraThe LDA was established on an interim basis in September 2018, by way of an Establishment Order made under the Local Government Services (Corporate Bodies Act) 1971, pending the enactment of primary legislation when it will be established as a commercial State agency.
At present, funding is provided to the LDA through my Department's Vote to meet its operational costs as well as initial capital funding in relation to the development of its projects. A breakdown of the allocated funding and funding drawn down for the years 2018, 2019 and 2020 (to date) is set out in the following table. The LDA did not draw down significant levels of capital funding in 2018 and 2019 as the projects were at the initial pre-planning stages.
The LDA has not incurred any borrowings to date.
|
Capital Allocated € |
Capital Drawn Down€ |
Current Allocated € |
Current Drawn Down€ |
|
|
2018 |
n/a |
n/a |
2,000,000 |
254,000 |
|
2019 |
16,500,000 |
467,000 |
3,549,000 |
1,941,000 |
|
2020 (to date) |
13,500,000 |
2,500,000 |
4,000,000 |
2,714,000 |
