Oireachtas Joint and Select Committees

Wednesday, 22 March 2017

Committee on Budgetary Oversight

Review of the Capital Plan: Transport Infrastructure Ireland

2:00 pm

Mr. Michael Nolan:

On the question of funding, the TII is a fully funded non-commercial semi State company. We take the money from the Exchequer and it is routed through the Vote of the Houses and it comes through the Department of Transport, Tourism and Sport. We can only spend according to the funding we receive from Government. We know we are under funded. We have been doing more. On the capital funding side, we are down to 20% of what we were funded back in 2007 or 2008.