Seanad debates

Friday, 19 December 2008

Finance (No. 2) Bill 2008 (Certified Money Bill): Committee and Remaining Stages

 

4:00 pm

Photo of Pat CareyPat Carey (Dublin North West, Fianna Fail)

I will try to be as helpful as possible to Senator Buttimer regarding the eastern gateway bridge. There is a submission from Cork City Council to the gateway innovation fund for €60 million, with €20 million to be provided by the council. Decisions on the gateway innovation funding have been put in abeyance until after 2009. That reflects the review of capital expenditure and the Government decision of July 2008. The forum report mentioned by the Senator has been received and is being considered by the Minister for the Environment, Heritage and Local Government. It will be considered in the overall context of the public finances. Section 21 applies to all docklands, not just Cork. The tax incentives are generous, with 100% capital allowances. It is the only new incentive introduced in this year's budget.

Comments

No comments

Log in or join to post a public comment.