Billy Timmins (Wicklow, Fine Gael)
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Question 17: To ask the Minister for Finance the position regarding a matter (details supplied); and if he will make a statement on the matter. [46593/10]

Brian Lenihan Jnr (Dublin West, Fianna Fail)
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Under the terms of the present delegated sanction arrangements covering capital expenditure, the approval of the Department of Finance must be sought by a line department before it can enter into a new contractual arrangement for a PPP project. That approval process assesses the affordability of the project having regard to agreed financial allocations. In light of the recently agreed financial allocations under the Government's Four Year Plan for the Department of Transport, my Department has considered the proposal for the N11 and Newlands Cross project and issued approval to proceed. It is the responsibility of the National Roads Authority and its parent Department, the Department of Transport, to ensure that this project is delivered on time and within budget and in accordance with the mandatory value for money guidelines.