Joan Burton (Dublin West, Labour) | Oireachtas source

Mr. McCarthy's observations are very important because it is a very tight definition. We will not finish too many roads to Sligo and other places around the country. Perhaps the delegates might describe what the implications will be in the run-up to the budget. The fact of the matter which is part of a wider argument in the European Union is that countries can borrow, effectively, at a rate of 1%. PPP rates, although they have come down, are a lot higher.

We have a growing population and multinationals have an appetite to invest in Ireland but we have really serious capital constraints. The delegation might expand on how we can get out of this bind as we approach the budget.