Oireachtas Joint and Select Committees

Wednesday, 26 January 2022

Joint Oireachtas Committee on Jobs, Enterprise and Innovation

Strategy, Targets, Achievements and Future Progress: IDA Ireland

Mr. Martin Shanahan:

As I have already responded, investment in road infrastructure is critical and that includes the northern distributor road. This road will help us both with some of the challenges existing investors experience and with opening up that area to attract new investment. Obviously, this is not a policy area the IDA is directly responsible for but, on behalf of the client companies we interact with and the investors we represent, I can definitely relay that good road infrastructure is critical in opening up these sites. Where there are traffic management issues, we engage with all stakeholders, including our own clients in industrial parks, to try to put in place plans to mitigate the impact of traffic. Limerick is one of the regions that has benefited very significantly from foreign direct investment, FDI, over recent years. In some respects, FDI has transformed the narrative and that is very welcome. We need to do everything we can to continue that.

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