Paschal Mooney (Fianna Fail)

The reason I raise metro north is because of a question that arises in respect of the sovereign bonds the Government intends to issue to encourage pension funds to invest in Ireland inc. The question arises from Senator Cullinane's contribution, in which he stated the establishment of this particular fund would result in money being invested in the Irish economy. Where was the money when the metro north project was still extant? The cost of metro north had reduced considerably, as a result of infrastructural costs declining rapidly, from original prices of something between €4 billion and €4.5 billion.