Brendan Howlin (Wexford, Labour)

As the Deputy knows, there is a commitment in the programme for Government to establish a holding company called NewERA to get the best value from State assets. There is a parallel commitment to establish a strategic investment fund to ensure we can use some of the proceeds from the sale of State assets to invest in a new generation of jobs. Both matters are being progressed. The NTMA has been asked, given its expertise, to examine, for example, the value that might be placed on some State assets in order to facilitate future decision making if the Government was to determine there should be further use of State assets. There will be a holding company, probably under the auspices of the NTMA, which will be called NewERA. No decisions on its statutory structure have yet been taken by the Government.

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