Oireachtas Joint and Select Committees

Wednesday, 24 January 2024

Joint Oireachtas Committee on Transport, Tourism and Sport

Capital Projects and Operations: Iarnród Éireann

Photo of Darren O'RourkeDarren O'Rourke (Meath East, Sinn Fein) | Oireachtas source

In terms of where this sits, a couple of things are related. I thank Mr. Hendrick for that answer. As this sits at the minute in the greater Dublin area transport strategy, it is post 2031 and medium-term 2031 to 2036. Then, coupled with that, we have news reports about significant inflation. Iarnród Éireann knows all about that in terms of the budgetary envelope in the national development plan out to 2030. The Minister, Deputy Eamon Ryan, reported just before Christmas that it could be a €30 billion shortfall across all transport projects. That is before we include Navan rail and the western rail corridor. Mr. Meade might give me sense of what he needs to see in financial terms. Is it survival of the fittest on these projects in that whichever ones come through planning are dealt with and then become the ones that Iarnród Éireann brings to the Government with a business case? At the same time, I presume Iarnród Éireann needs the financials to be in place from the Government. None of these projects will get delivered if there is not Government support. Is that generally the picture?

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