Michael McGrath (Cork South Central, Fianna Fail)
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72. To ask the Minister for Finance if consideration has been made to adjust the mandate of the Central Bank to better enable it to attract financial industries and companies here; and if he will make a statement on the matter. [29404/17]

Paschal Donohoe (Dublin Central, Fine Gael)
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The Central Bank has a very wide and varied mandate as dictated by the statute of the European System of Central Banks, by the Supervisory EU Legal Acts and by the Central Bank Acts.

The Bank does not have a promotional mandate, as a key component of a successful and attractive jurisdiction for the location of financial services activities is a strong and independent regulator with international credibility.

We already have a significant infrastructure of promotional enterprises including IDA Ireland and Enterprise Ireland under the stewardship of my colleague the Tánaiste and Minister for Enterprise and Innovation.

For all of these reasons, I do not propose to adjust the Central Bank’s mandate to enable it to attract financial industries and companies here.

Michael McGrath (Cork South Central, Fianna Fail)
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73. To ask the Minister for Finance the initial budgeted cost of moving the Central Bank to its new headquarters by relevant segments; his estimate of the cost; the amount spent to date, in tabular form; and if he will make a statement on the matter. [29405/17]

Paschal Donohoe (Dublin Central, Fine Gael)
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I am informed by the Central Bank that the total development cost of the new Central Bank building and moving staff to the Dockland Campus will be circa €140m (inclusive of VAT), in line with the budgeted figure. This figure includes all costs incurred on the project including site purchase, construction, furniture and fit out, IT, Security, Design Team, etc.

I am also informed by the Central Bank that while not all cost negotiations have concluded, as is standard in projects of this scale, the total cost of the project will be within the agreed budget. To date, the Bank has spent €127m on the project.

A detailed breakdown has been published on centralbank.ie and shows total payments made and amounts due for payment on the project as at end of March 2017. All spend is broken down on a supplier basis.

On the conclusion of all cost negotiations, a final detailed breakdown will be published confirming final spend.