Seanad debates

Tuesday, 17 December 2002

National Development Finance Agency Bill, 2002: Second Stage.

 

I want to emphasise that the new agency will have a critical role in developing the best means of financing public investment. The NDFA will provide a top level source of financial advice for sponsoring agencies such as Departments, local authorities or statutory bodies on the optimal means of financing major infrastructure projects. The agency will also provide ongoing financial advice as projects are procured and, in certain circumstances, will raise finance for projects. Our aim is to create a means of ensuring the delivery of value for money for the Exchequer by facilitating the best financial arrangements for projects, which, in turn, will assist in the delivery of key elements of the national development plan and other infrastructure priorities.

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