Seanad debates

Wednesday, 21 May 2003

Strategic Rail Review Report: Statements (Resumed).

 

I am pleased that the report opens up the possibility of involvement by the private sector. In light of Exchequer demands, it is necessary to consider different and challenging ways of funding such expansion, exploring options such as public private partnerships, development levies, leasing and revenues from property development. Other areas of the transport sector have already benefited from the injection of funds via the PPP mechanism. For example, I am aware of the signing of the National Roads Authority contract for the M4-M6 Kilcock-Kinnegad road project, which represents the first major inter-urban public private partnership scheme.

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