Dáil debates

Thursday, 1 June 2017

Ceisteanna - Questions - Priority Questions

European Investment Bank

4:35 pm

Photo of Paschal DonohoePaschal Donohoe (Dublin Central, Fine Gael) | Oireachtas source

No. I have a clear figure in mind as to where I think infrastructure investment needs to get. I am now working with all of my Government colleagues to decide what projects will get us there because while a figure is important, it is even more important to have quality projects in which we want to invest. As regards the funding role of the EIB, we must bear in mind that there are other options available to the State to fund projects like this. The EIB is one of them but there are others we might choose to take. The Deputy made the point in her opening contribution that the scale of delivery in housing is not delivering the many hundreds of units she believes are needed, which I agree with her about, but in my experience the issue is not so much where we are on funding, but rather where we are from a planning, regulation and policy point of view. That guides issues like density of development. These are the guiding factors on the scale of development we get, not the role of the EIB.

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