Oireachtas Joint and Select Committees
Wednesday, 21 May 2025
Committee on Infrastructure and National Development Plan Delivery
Large-scale Capital Projects: Discussion
2:00 am
Mr. Kevin Meaney:
That is correct. Specifically, the conditions of the ICNF, particularly that €3.15 billion released for 2026-30, are set out in legislation. It was led by our colleagues in the Department of Finance. The Minister of Finance brought it through last year. That funding has to be specifically reserved for projects that meet decarbonisation requirements, improve water quality or improve biodiversity. There are specific criteria. The NDP review is the same 2026-30 window so we will allocate it as part of the NDP review. It will be applied to specific sectors and specific Ministers. Within the legislation on an annual basis then each of those Ministers with ICNF funding will have to make a statement as to how the money was used and how it would meet the objectives of decarbonisation, biodiversity or improving water quality.