Oireachtas Joint and Select Committees

Wednesday, 21 January 2015

Joint Oireachtas Committee on Finance, Public Expenditure and Reform

Annual Growth Survey 2015, Alert Mechanism Report 2015 and An Investment Plan for Europe: Discussion

2:30 pm

Photo of Paul MurphyPaul Murphy (Dublin South West, Socialist Party) | Oireachtas source

I have not seen the list of 70 projects. I presume many of the projects listed are infrastructural projects. Mr. Juncker referred in his speech to a school in Thessalonika in Greece and other grand projects in the public services area that could now be properly funded as a result of this. I presume the projects about which we are now speaking are projects that previously would have been paid for by the State or through public-private partnerships. How do the private investors get a return?

To take the example of a school building project, the money presumably comes directly from the taxpayer. How does this work when a project is not generating revenue? Where is the return for private investors?

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