Seanad debates

Wednesday, 23 May 2012

10:30 am

Photo of Paul CoghlanPaul Coghlan (Fine Gael)

I do. I welcome the announcement from NAMA regarding its proposal to invest €2 billion to cater for the supply and demand side of residential and commercial property which will lead to the creation of 35,000 new jobs. That is tremendous news. I look forward to its continuous roll-out of further good news in the coming years. Demand for commercial and residential property has increased and there is a supply shortage in respect of large offices which, it has said, will be dealt with in this programme. The creation of 25,000 new jobs in construction and 10,000 in the wider economy as well as its commitment, in line with its brief, to pay its debts by 2020 are welcome. It suffered criticism, somewhat unjustly. We are all interested in transparency and look forward to the Bill whenever it is moved.

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