Fergus O'Dowd (Louth, Fine Gael) | Oireachtas source

So the key point is that if TII does not proceed with the procedures, agreements and planning permission it has, the money will be spent elsewhere.

If and when the new due process takes place, the money may be available at that stage, notwithstanding that it is TII’s intention to have it. That decision might be made by a different Government or different parties in government.