Dáil debates

Wednesday, 13 March 2013

Finance Bill 2013: Report Stage (Resumed)

 

1:50 pm

Photo of Denis NaughtenDenis Naughten (Roscommon-South Leitrim, Independent) | Oireachtas source

I agree the arrangement does not make sense. I had a specific question on how the amendment would be implemented. Will the Minister come back to it when he is wrapping up? It seems the first phase could benefit one airport over another. I accept the point the Minister has made on private investors. The section, as drafted, is aimed at structuring it for private investment in an airport. Has the Minister been given an indication that there are private investors willing to invest in this incentive as structured, or is this a speculative amendment in the hope there will be investment on that basis? Knock airport's concern is that it would not be able to attract private investors on the basis of the provision as structured. It believes the only airport that can avail of this incentive is Shannon Airport.

To correct the record, on Committee Stage the Minister made the point that this section was motivated by the intention to revitalise Shannon Airport.

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