Oireachtas Joint and Select Committees

Wednesday, 7 October 2015

Joint Oireachtas Committee on Finance, Public Expenditure and Reform

Proceeds of Sale of Aer Lingus: Motion

4:30 pm

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

I apologise for missing the presentation. I was in the middle of something else. I have a copy of the speech. I do not agree with it, given that I do not agree with the process by which we got the money in the first instance. If I were in government tomorrow, I would reinvest the money to try to buy back Aer Lingus shares. Accepting that we have the money, I have questions about the operation of the ISIF. Could the Minister of State provide more detail on what the connectivity fund will invest in? Will it be investment in private sector projects? Is there any scope for direct public investment of the money? This would be my preference for all the money if we are to spend it in this way. I am all for the wider definition of connectivity to include data and energy. The Minister of State is using the word "connectivity" due to the issues around Aer Lingus and the potential for the loss of the Heathrow slots. What kind of investments exist that could potentially deal with connectivity issues that relate to access to flight routes out of the country?

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