Oireachtas Joint and Select Committees

Thursday, 5 October 2017

Public Accounts Committee

IDA - Financial Statement 2016

9:00 am

Photo of Marc MacSharryMarc MacSharry (Sligo-Leitrim, Fianna Fail) | Oireachtas source

That is fine. In some quarters projected population growth for Dublin has been put at 700,000 by 2025. On the basis of the lack of optimum levels of commercial office space and, obviously, housing, and given that Mr. Shanahan said talent is ultimately the deciding factor for FDI decision makers, what strategy and resources has the IDA employed to diversify the priority? Mr. Shanahan can correct me if I am wrong but I assume that if Marc MacSharry Limited is coming from America to set up a company in Ireland, I would probably want to be on Baggot Street - that is probably everybody's starting position - with the appropriate accommodation and whatever else. What are we doing to suggest we instead use counties Sligo, Meath, Waterford or elsewhere? What are we doing to make them real alternatives? Realistically, Dublin is bursting, and a lot of work is probably needed on this side of the room to assist the IDA in that, when we see office blocks and apartment blocks being turned down out at Dublin Airport based on traffic congestion.

Given the fact that 700,000 people are projected to come to live in Dublin, what is the medium-term strategy in terms of value for money to say we need to start using the entire building rather than 30% of it?

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