Dáil debates
Wednesday, 28 June 2017
Ceisteanna - Questions (Resumed) - Priority Questions
European Fund for Strategic Investments
3:55 pm
Robert Troy (Longford-Westmeath, Fianna Fail) | Oireachtas source
Is the Minister saying his Department has made an application and has been successful in accessing funding under the EFSI? Our information is that no application has been made, despite the fact that €500 billion is available at extraordinarily low interest rates. Once a project meets the necessary criterion, that is, is able to attract private funding, we as a country can avail of that. Metro north was shelved, the DART underground was shelved and the M50 and M20 need to be upgraded, as does the M4 motorway in my own constituency. All of these critical infrastructure projects have been delayed or postponed for the want of funding, and at the same time the European Commission told us last week that applications are not forthcoming from this Government. Why is that? Will the Minister publish his submission to the review of the capital plan? The previous Taoiseach said there should be no reason not to make public that submission.
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