Seanad debates

Tuesday, 17 December 2002

National Development Finance Agency Bill, 2002: Second Stage.

 

The National Development Finance Agency will be seen as another innovative and successful development initiative. Some people, particularly those in the Labour Party and perhaps for ideological reasons, do not seem to like the fudging of lines between private and public projects. I urge people not to be so conservative. This type of project has shown itself to be of real value. Some of the inspiration for this agency, which will be overseen by the Minister for Finance, comes from the social partners. During the term of office of the previous Government I had the pleasure of attending the Cabinet sub-committee on infrastructure, the major concern of which was, and remains, the driving forward of infrastructural investment. The agenda will now be enlarged by the national spatial strategy.

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