Phil Hogan (Carlow-Kilkenny, Fine Gael)
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Question 38: To ask the Minister for Enterprise, Trade and Employment the reason the IDA has withdrawn its option to purchase land (details supplied) in County Kilkenny in view of its past stated position that this area was an important strategic site of future industrial development. [6212/05]

Micheál Martin (Cork South Central, Fianna Fail)
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IDA Ireland is an autonomous statutory agency set up under the Industrial Development Acts 1986 to 2003. The agency operates in accordance with the provisions of the Acts and under the aegis of my Department. The management of IDA Ireland's industrial property portfolio, including the purchase and disposal of property, is a day-to-day operational matter for the agency as part of the statutory responsibility assigned to it by the Oireachtas and a matter in which I have no function. I have been advised by IDA Ireland that it has in place a due diligence process to access land bank needs and that it has taken the view that its existing land bank in the area is sufficient.