Seanad debates
Wednesday, 26 November 2003
Book of Estimates 2004: Statements.
I welcome the indication that the Departments of Finance and Transport are in the process of agreeing an envelope of funding of approximately €6 billion to be spent over a period of five years. This is most important for the development of infrastructure. If money is available in the Estimates, it is easier to negotiate the price of projects. The difficulty until now has been that spending is based on an annual allocation of funding. When this envelope is in place it will allow the Department to get better value and to deliver more projects. The allocation of €1.28 billion for roads is four times what was spent six years ago. There has been a major leap in funding. Over the next six years the envelope of €6 billion will allow us to reach a point where critical road infrastructure will have reached an acceptable level. At that stage the Government in power will have the capacity to divert some funding to other infrastructural projects, perhaps in the public transport network.
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