Olivia Mitchell (Dublin South, Fine Gael)
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Question 139: To ask the Minister for Finance if the commitment in the supplementary Budget of 7 April 2009 to explore the proposal by the Construction Industry Federation to fund infrastructural projects has been progressed; if a scheme is under preparation; if it will be announced before the summer 2009 recess; if details of the type of projects, such as new school buildings are yet decided; and if he will make a statement on the matter. [21293/09]

Brian Lenihan Jnr (Dublin West, Fianna Fail)
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The Deputy will be aware that we are spending a considerable sum on Capital this year - 5% of GNP - one of the highest ratios in the world. This supports a substantial level of employment, while the reductions in tender prices mean that we can do more with less. Nonetheless, the Government is prepared to look at new ways to fund needed capital investment and support activity and employment in the construction sector provided: the terms are right and in the taxpayers' favour; the investment makes economic sense; value for money is secured; and the private sector shares the appropriate level of risk so as not to have a disproportionate impact on the public finances.

My officials have actively engaged with representatives of the pensions industry and other interested parties to discuss alternative funding proposals. These discussions have focused on both the possible sources of additional funding and on what steps would be required to access such funding. Further discussions on potential funding structures are scheduled for the coming days, and additional meetings will be arranged as necessary.