Seanad debates

Tuesday, 17 December 2002

National Development Finance Agency Bill, 2002: Second Stage.

 

Senator Finucane and others mentioned infrastructure. The country is facing infrastructural deficits and it is important that these are addressed urgently and in a way that delivers value for money. With this in mind I wrote to all Ministers and to the NTMA earlier this year asking them to bring forward projects and proposals for tackling our infrastructural needs. At the same time I asked my officials to examine international developments and best practice in financing and structuring public investment projects, particularly public private partnerships. Finally, the experience gained from the early pilot PPP projects indicates that Departments and State authorities need specific expert advice to assist them in identifying the optimal financial packages for their projects.

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