Joe McHugh (Donegal North East, Fine Gael)
Link to this: Individually | In context

Question 177: To ask the Tánaiste and Minister for Finance if he will clarify the Exchequer contribution of €580 million to the Northern administration; the purpose for which it will be used; the joint action plan in place to ensure this funding will be spent in a strategic manner for the mutual benefit of both jurisdictions; and if he will make a statement on the matter. [11387/08]

Brian Cowen (Laois-Offaly, Fianna Fail)
Link to this: Individually | In context

In the context of the negotiations to restore the Northern Ireland Executive, in March 2007, the Irish Government agreed to make available €580 million as part of a joint investment initiative with the British Government to stimulate long-term sustainable economic growth in Northern Ireland. Our contribution will be focused towards the building of a dual carriageway standard road from the Border to Derry and Donegal. In late 2007, cross-border management structures for this project were agreed under the North South Ministerial Council, and work is now under way on the Route Corridor Study for the road. This will be one of the most significant projects ever undertaken on a cross-border basis and is crucial to the future development of the North West region and the border counties.