The Government has committed €165 billion towards capital investment through the National Development Plan (NDP) 2021-30 published in 2021. Following the conclusion of more than 30 bilateral meetings which took place from January to March with my Ministerial colleagues, on 27 March I was pleased to announce that I had reached agreement on the distribution of an additional €2.25 billion of windfall corporate tax receipts which we are committing to shovel-ready capital projects out to 2026. This builds on the existing funding of €165 billion already available under the NDP and it will mean more education, housing, transport and healthcare projects can be progressed and delivered for our people.
Significant uplifts have been provided to key sectors of NDP delivery such as: Housing increasing from €3.87bn in 2024 to €4.34bn in 2026, Transport going from €2.66bn to €3.35bn from 2024 to 2026, Education going from €0.94bn to €1.3bn in the same period and Health increasing from €1.22bn in 2024 to €1.56bn in 2026 and Higher Education going from €620m to €725m.
As Minister for Public Expenditure, NDP Delivery and Reform I am responsible for setting the overall capital allocations across Departments and for monitoring monthly expenditure at Departmental level. The responsibility for the management and delivery of individual investment projects or sectoral policy strategies, within the allocations agreed under the National Development Plan (NDP), rests with the individual sponsoring Department in each case. Each Minister is responsible for deciding on the priority programmes and projects that will be delivered under his remit within the NDP and for setting out the timelines for delivery.
As regards the specific projects mentioned by the Deputy in his question, progression of these projects will be a matter for the responsible Department within the overall NDP ceilings and in line with the requirements of the Infrastructure Guidelines.
