Seymour Crawford (Cavan-Monaghan, Fine Gael)
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Question 65: To ask the Minister for the Environment, Heritage and Local Government if he is satisfied the Dublin Docklands Development Authority can meet its urban regeneration renewal aims and targets in view of its diminished financial situation; and if he will make a statement on the matter. [42813/09]

John Gormley (Dublin South East, Green Party)
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The Dublin Docklands Development Authority has delivered substantially on its statutory duty to secure the social and economic regeneration of the Dublin Docklands Area.

Since its establishment, it has completed a wide range of projects and undertaken a range of initiatives in creating a sustainable and integrated community at the heart of the City with:

· more than €160 million invested in education, community facilities, community infrastructure and housing,

· over 40,000 people now employed in the area,

· over 765,000 square metres of commercial space permitted in the area, and

· more than 3,000 new residential units approved, including over 800 social and affordable housing units.

As I indicated in reply to Priority Question No. 45 on today's Order Paper, the Authority is in a difficult financial position. To address this, the Authority is taking steps to reduce expenditure with the aim of achieving a break even position as soon as possible. While the level of new economic activity in the area has declined in recent times, the Authority will continue to focus on its core objectives and manage existing programmes and projects.