Written answers

Tuesday, 4 April 2017

Department of Public Expenditure and Reform

Capital Expenditure Programme

Photo of Imelda MunsterImelda Munster (Louth, Sinn Fein)
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406. To ask the Minister for Public Expenditure and Reform when he expects the mid-term review of the capital plan to be completed; and if he will make a statement on the matter. [16002/17]

Photo of Paschal DonohoePaschal Donohoe (Dublin Central, Fine Gael)
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The Capital Plan, published in 2015, set out a six year framework for substantial infrastructural investment in Ireland out to 2021. Total state backed investment under the Plan amounted to €42 billion over the period.

The substantial progress made in securing sustained economic growth and the further strengthening of the public finances has enabled the Government to commit an additional €5.14 billion in Exchequer Capital funding in support of the Capital Plan. €2.2 billion of this amount has already been pre-committed to support the Government's Action Plan on Housing and Homelessness, while in Budget 2017 the Government also allocated additional capital funding for 2017, with carry-over implications for 2018 and 2019. The result of all of this is that there now remains €2.655 billion of additional uncommitted capital resources to be allocated over the period 2018-2021 on the basis of the outcome of the mid-term review of the Capital Plan that is now underway.

It is expected that the review process will be completed in Quarter 3 of 2017, in time to enable the Government to make final decisions in due course on how the remaining additional capital funding should be allocated.

The Deputy may wish to note that a public consultation has been launched on the Review to ascertain the views of the public and key stakeholders on what our national infrastructure priorities should be and to seek views on infrastructure investment priorities beyond the period of the current Capital Plan, which will help formulate a longer term Capital Plan for the next 10 years.

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