David Cullinane (Waterford, Sinn Fein) | Oireachtas source

The Minister of State's response is a bit disappointing because there is nothing new in this that was not included in responses to parliamentary questions by anyone who has been raising this issue in recent years, except from the part stating that a new economic appraisal was submitted by the council which is now being evaluated. I do not know how many evaluations, economic or otherwise this project has had. I know there is deep frustration by those involved locally, including those on the council, that time and again this seems to be subject to economic appraisal, assessment and review. The people want delivery, and those looking to invest in this project in Waterford city want certainty that the funding will be forthcoming.

It does not even chime with what I call the letter of comfort that was given to Oireachtas Members from Waterford this week. It still states that only €30 million has been ring-fenced, which is welcome but a long way short of the overall quantum of money that is needed. I know that part of the transport element of the funding will come from elsewhere. However, between €65 million and €70 million will be required from the urban regeneration and development fund if this project is to go ahead.

I welcome that it references the transport element of it. I spoke to the Green Party leader, Deputy Eamon Ryan, on this. The Minister of State, Deputy Noonan, knows the train station in Waterford as well as anyone else in this Chamber. It is in the wrong location. It would be fantastic and a game-changer if that train station was moved over to the North Quays. However, we do not need more reviews and appraisals; we need the money. Now is the time to show us the money and deliver this project to ensure that for once and for all Waterford and the south east get certainty rather than, time and again, announcements that are not followed through with the money that is necessary.

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