Michael McGrath (Cork South Central, Fianna Fail) | Oireachtas source

My point was general and not specific to PPPs because there are still few of them in place in reality. The difficult is with the capital budget, from the initial stage when it is announced to the design and through to construction. It seems to take forever. It is not only the delivery of projects. Let us look back. The Government announced in September 2011, two and a half years ago, that we would have a strategic investment fund on a statutory basis and that some money from the National Pensions Reserve Fund would be channelled into commercially feasible projects, but we are still waiting for the legislation. The Minister is responsible for capital expenditure and I would have expected that such legislation would have been fast-tracked. Instead, it seems to have simply got lost. I know we are expecting it shortly but we are two and a half years on.

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