Shane Ross (Dublin Rathdown, Independent) | Oireachtas source

I endorse what the Minister of State says. Rio was a catalyst for addressing many gaps in our corporate governance and it forced everyone to look at themselves and comply with the new rules which are coming into force on the large-scale sports infrastructure fund. Deputy Troy asked why it was taking so long. There is no real reason except that we wanted to get it absolutely right and to put a bit of space between that and the sports capital programme. I think it will be announced by Monday or Tuesday but I ask not to be held to that. We might even be able to do it on Friday. However, it is imminent and it will be a very exciting prospect. It will fill an enormous gap which the sports capital programme does not fill and we anticipate that the fund will be significantly oversubscribed. It will be done in a very fair and transparent way and it will certainly be robust and protect itself from criticism. It will be utterly fair and free of political interference.