Oireachtas Joint and Select Committees

Wednesday, 22 October 2014

Joint Oireachtas Committee on Finance, Public Expenditure and Reform

Operations and Functions: National Asset Management Agency

4:40 pm

Photo of Michael CreedMichael Creed (Cork North West, Fine Gael)
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I must express concern about the proposed funding being put in place. As somebody from outside the Pale, I worry that there is an excessive concentration of scarce resources in the greater Dublin area, notwithstanding that NAMA has a broad base of assets around the country, where there are similar problems in the housing market. There are also issues for inward and industrial investment with regard to appropriate office space in the regions, including Cork, Limerick, Waterford and Galway. We seem to be putting all our eggs in one basket - that is, the greater Dublin area - which is a questionable approach.