Brian Hayes (Dublin South West, Fine Gael)
Link to this: Individually | In context

Question 296: To ask the Minister for Transport the proposed funding plans for Dublin Airport between now and the expiry of Building Ireland's Smart Economy - A Framework for Sustainable Economic Renewal 2009-2014. [17621/09]

Noel Dempsey (Meath West, Fianna Fail)
Link to this: Individually | In context

The Framework concerned envisaged investment of some €2 billion over the coming years in Dublin Airport by the Dublin Airport Authority. No Exchequer funding is involved. I understand from the Dublin Airport Authority that the current €1.2 billion capital programme, Transforming Dublin Airport, will be completed before the end of 2010. This work includes the construction of a second Terminal, T2, which will be completed and operational in 2010, Pier D, which opened in October 2007, Area 14, major upgrades to the airfield facilities and utilities and an extension to Terminal 1 which opened in April 2009.

The DAA has decided to reduce its investment plans at Dublin Airport for the 2010-2014 period by about 50% to less than €400 million to take account of the current economic downturn. A number of major projects, including the planned new second runway and additional aircraft parking areas, will be deferred. These projects will be reactivated when appropriate circumstances dictate.