Jim O'Callaghan (Dublin Bay South, Fianna Fail)
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221. To ask the Minister for Finance when NAMA will start construction on the Irish Glass Bottle site, Ringsend, Dublin 4, in order to provide much needed social and affordable housing. [39949/20]

Paschal Donohoe (Dublin Central, Fine Gael)
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I am advised by NAMA that there is a comprehensive process ongoing in order to select an investment partner with the requisite resources, skill and experience to commercially develop the former Glass Bottle site at Poolbeg West SDZ site. This open market process commenced in July 2019 following substantial due diligence by NAMA into the appropriate strategy to enable the commercial development of the site and delivery of housing at the earliest opportunity.

As the Deputy may be aware, the approved SDZ Planning Scheme provides for up to 3,500 new homes, 25% of which will be social and/or affordable. NAMA has worked intensively to progress necessary pre-development exercises in order that the site can be commercially developed as soon as practicable. This extensive preparatory work includes the attainment of planning permission in January 2020 for the Phase 1 Infrastructure which ensures the site is shovel-ready for development once the current process completes.