Results 921-940 of 4,717 for speaker:Martin Mansergh

Credit Institutions (Eligible Liabilities Guarantee) Scheme 2009: Motion (3 Dec 2009)

Martin Mansergh: Yes, I will, if the Deputy will stop constantly interrupting.

Credit Institutions (Eligible Liabilities Guarantee) Scheme 2009: Motion (3 Dec 2009)

Martin Mansergh: Deputy Burton asked why we are extending the CIFS for five years. It is not correct to say that we are extending it for years. This is a new scheme with an issuance period which ends on 29 September 2010, which is also the end date of the CIFS scheme. After 29 September 2010, no further guaranteed debt can be issued and no more guaranteed deposits can be taken. However, during the...

Credit Institutions (Eligible Liabilities Guarantee) Scheme 2009: Motion (3 Dec 2009)

Martin Mansergh: The new scheme reflects this policy and the EU's state aid rules.

Credit Institutions (Eligible Liabilities Guarantee) Scheme 2009: Motion (3 Dec 2009)

Martin Mansergh: There were two specific reasons for the recommendation that dated subordinated liabilities be included within the scope of the CIFS guarantee. At the time the guarantee was announced and owing to the extent and depth of the international financial crisis, it was considered essential that the Government send out the clearest possible signal to international markets to the effect that the...

Credit Institutions (Eligible Liabilities Guarantee) Scheme 2009: Motion (3 Dec 2009)

Martin Mansergh: The State guarantee was extensive and comprehensive to provide confidence among senior investors in the wholesale capital markets. In recent years, as a result of tightening credit spreads, traditional investors in senior unsecured debt have increased their exposure to non-deferrable dated subordinated debt lower tier two in search of additional yield. In September 2009, the overlap in the...

Credit Institutions (Eligible Liabilities Guarantee) Scheme 2009: Motion (3 Dec 2009)

Martin Mansergh: I am the Minister of State at the Department of Finance.

Seanad: Rail Services (2 Dec 2009)

Martin Mansergh: The Minister for Transport remains committed to the earliest delivery of the western rail corridor. I have always been a great supporter of this project and attended a West on Track conference four or five years ago. I have been in touch in various capacities with campaigners such as Fr. Micheál Mac Gréil since the late 1970s when I had an involvement in energy policy. I am pleased to...

Seanad: Rail Services (2 Dec 2009)

Martin Mansergh: I thank the Senator. However, this is only the first phase of reopening the corridor which runs as far as Claremorris. The immediate next step, following completion of phase 1, will be for larnród Éireann to undertake a detailed evaluation of phases 2 and 3 with a view to arriving at precise costs to undertake the works. Following this, the Minister for Transport will seek to progress...

Seanad: Rail Services (2 Dec 2009)

Martin Mansergh: I presume the Senator is not asking me at a personal level. This forms part of an ambitious project between Limerick and Sligo but I do not think the Government has made a definite commitment in respect of the Sligo end. That may be a long-term ambition, although one or two Ministers may have made a commitment to it. I would be misleading the Senator in suggesting the Government as a whole...

Flood Relief. (2 Dec 2009)

Martin Mansergh: Locations in a number of counties have been affected by serious flooding in recent weeks due to unprecedented rainfall. The impact on communities has been severe. Areas of south County Mayo, including Roundfort-Hollymount, also suffered badly from flooding in 2006. I thank the Deputy for giving me an opportunity to discuss in the House the serious flooding in the Roundfort-Hollymount area...

Flood Relief. (2 Dec 2009)

Martin Mansergh: I thank Deputy Tom Hayes for raising this matter, which relates to the constituency we share. I visited Lagganstown, which was mentioned by the Deputy, last Saturday. I express my sympathy to those who have been affected by the recent flooding in many parts of the country, including County Tipperary. In September 2004, the Government confirmed that the Office of Public Works is the State's...

Written Answers — Flood Relief: Flood Relief (2 Dec 2009)

Martin Mansergh: I propose to take Questions Nos. 141 and 142 together. During the Summer, the OPW invited Local Authorities to apply for funding in respect of minor flood mitigation works that would be carried out by the Authorities in 2009, subject to specific economic and environmental criteria. No application was received from Kilkenny County Council in relation to Inistioge or from Carlow County Council...

Written Answers — Flood Relief: Flood Relief (2 Dec 2009)

Martin Mansergh: I advised the Dáil last Tuesday that the OPW will shortly go to tender for consultants to carry out a strategic review to assess operational structures, costs and benefits of a National Flood Warning System. The purpose of undertaking a strategic review of options for Flood Forecasting and Warning (FF&W) is to: A) Examine the potential benefits that FF&W could achieve. B) Identify and...

Written Answers — EU Directives: EU Directives (1 Dec 2009)

Martin Mansergh: Directive 2007/60/EC of the European Parliament and of the Council on the Assessment and Management of Flood Risk is primarily concerned with the assessment and management of flood risks, with the aim of reducing adverse consequences for human health, the environment, cultural heritage and economic activity associated with floods in the European Community. There is a strong degree of...

Written Answers — Flood Relief: Flood Relief (1 Dec 2009)

Martin Mansergh: Available information indicates that the widespread flooding that occurred in recent weeks was caused mainly by unusually prolonged heavy rainfall, which exceeded the conveyance capacity of rivers and drainage infrastructure. The OPW implements a maintenance programme in respect of the channels for which the Office has a statutory maintenance responsibility. It is the opinion of the OPW...

Written Answers — Flood Relief: Flood Relief (1 Dec 2009)

Martin Mansergh: The flood relief scheme designed for Ennis comprises of three phases. The Ennis Upper Scheme and the Ennis Lower Scheme are being funded and built by the Office of Public Works, while works at Aughanteeroe, in Ennis, are being funded by OPW and carried out by Ennis Town Council. It is understood that these latter works are about to proceed. In relation to the Ennis Upper Scheme, works are...

Written Answers — Flood Relief: Flood Relief (1 Dec 2009)

Martin Mansergh: The primary purpose of the flooding.ie website, established by the OPW, is to provide general information to the public on awareness and preparedness in advance of flood events occurring. It is designed to enhance citizens' ability to be prepared, at an individual level, for dealing with flooding events in their locality, homes or businesses. It is not designed, nor does it operate, as a...

Written Answers — Flood Relief: Flood Relief (1 Dec 2009)

Martin Mansergh: I would refer the Deputy to my reply on 26 November to his PQ No. 94. OPW is making provision within its budget for the construction of the North and East phases of the Clonmel Flood Relief Scheme (which will be carried out simultaneously). The scheme will be submitted to the Minister for Finance for confirmation when the tenders have been received back and actual tender prices are...

Written Answers — Electric Vehicles: Electric Vehicles (1 Dec 2009)

Martin Mansergh: The Office of Public Works has recently ordered a 7.5 tonne electric van for use by the Furniture Division of the Office in Dublin and surrounding counties in a Research and Demonstration Programme. Apart from this, the Office has not entered into any arrangements for the purchase of electric vehicles. The National Public Procurement Operations Unit has not awarded any contracts, or...

Written Answers — Departmental Equipment: Departmental Equipment (1 Dec 2009)

Martin Mansergh: OPW maintains a log of audio-visual equipment, which is located in different OPW locations across the country. The useful life of audio-visual equipment is five years. Where possible, OPW would seek to extend the useful life of such equipment beyond this period. After this period, while equipment is disposed of in a manner determined by local management, this usually involves recycling.