Written answers

Wednesday, 6 June 2012

Department of Public Expenditure and Reform

EU Funding

10:00 pm

Photo of Tommy BroughanTommy Broughan (Dublin North East, Labour)
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Question 253: To ask the Minister for Public Expenditure and Reform if he will report on his recent meeting with the European Investment Bank; if any proposals for new public private partnerships were discussed at the meeting; and if he will make a statement on the matter. [25623/12]

Photo of Brendan HowlinBrendan Howlin (Wexford, Labour)
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Both myself and my colleague the Minister for Finance, Michael Noonan, met with officials of the European Investment Bank in Brussels recently to discuss a range of issues. Those talks were very successful and we made good progress on many grounds. The EIB were very positive towards Ireland and made a firm commitment to continue to support Irish infrastructure projects. Following these discussions, officials of my department are continuing to engage with the EIB and other potential investors in order to secure additional funding for Irish infrastructure projects in order to supplement the €17bn Exchequer capital framework. Since coming into office, the current Government has been working on a range of measures to create employment and help stimulate economic growth and investment in infrastructure is just one area through which this will be achieved.

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