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 Kieran O'DonnellKieran O'Donnell (Limerick City, Fine Gael) | Oireachtas source

I welcome the Minister of State, Deputy Simon Harris, and seek clarification on a number of points.

I welcome this worthwhile fund of €335 million. On its timing, when will the fund be up and running? Over how long a period will the fund administer grants? Will there be a cap on the level of funding individual projects can receive? Will matching funding be required and will it be for capital or revenue purposes? Specifically, as a Deputy who represents the mid-west, Shannon Airport is dear to my heart. It has recently successfully achieved independence. During the years I have always advocated that airports should have access to a marketing fund. Shannon Airport is building an aircraft maintenance facility and other features. The Minister of State might provide members with an indication as to how the fund will be rolled out and its practical applications. However, it is a welcome measure and both the mid-west and Shannon Airport will take as much funding as will be given to them.

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