Oireachtas Joint and Select Committees

Wednesday, 8 February 2017

Committee on Budgetary Oversight

Macroeconomic Outlook: IBEC

2:00 pm

Mr. Fergal O'Brien:

We face a challenge with the institutes of technology because they do not have the capacity for borrowing to deliver some of this infrastructure in the way the universities do. There is an opportunity for us, together with the European Investment Bank, to look again at some of the borrowing frameworks for the institutes of technology to see if this infrastructure can be delivered to meet growing demand. Right now that is a significant prohibitor.