Eoghan Murphy (Dublin Bay South, Fine Gael) | Oireachtas source

We have made a commitment to provide further funding as we open new rounds. I hope to be able to open the second round of funding from the URDF next month. It will probably run for about three months to allow applications to come in from the local authorities now that they know how the fund works and how to make applications. We can then announce further funding at the beginning of next year. The commitments have been given directly to Waterford regarding the capital project in terms of the amount that has been requested for the overall project, but we need to ensure we will have oversight of how the money will be used in the different phases.

See this speech in context