Martin Cullen (Waterford, Fianna Fail)

One of the key functions of the monitoring group, established to look after Transport 21, is to monitor the implementation of projects provided for in that programme, with particular reference to compliance with the Department of Finance's capital appraisal guidelines and the value-for-money indicators. It will also review ongoing programme progress using information supplied by Endorse, an audit regime for the Transport 21 framework, and submit an annual report of progress to Government on the implementation of Transport 21.

I am very satisfied the arrangements in place for appraisal deliver value for money on all these projects.

See this speech in context