Olivia Mitchell (Dublin South, Fine Gael)
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Question 172: To ask the Minister for Transport if it is envisaged that the Metro will be entirely funded by way of PPP; and if he will make a statement on the matter. [37230/06]

Martin Cullen (Waterford, Fianna Fail)
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It is proposed that the Metro North and West projects will be procured as public private partnerships (PPP) and the cost of the construction and maintenance will be borne by the private consortium selected through a tendering procedure. The PPP consortia will be reimbursed through annual Exchequer payments over a period of approximately 26 years, which will start after commencement of services.

The cost of land acquisition for these projects, together with project development costs incurred by the Railway Procurement Agency prior to applying for the relevant Railway Orders, will be funded by the Exchequer. Some of the funding will also be provided through development levies and developer contributions.