David Stanton (Cork East, Fine Gael)
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70. To ask the Minister for Rural and Community Development further to Parliamentary Question No. 309 of 23 February 2023, to provide an update on funding for a project (details supplied) under the Rural Regeneration and Development Fund; and if she will make a statement on the matter. [41155/23]

Heather Humphreys (Cavan-Monaghan, Fine Gael)
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The Rural Regeneration and Development Fund provides funding for the development and construction of capital projects in towns and villages and rural areas across Ireland. To date, 215 projects have been approved for funding of €409 million for projects costing €560 million.

The Youghal Public Library project was awarded funding of €4,048,511 under the third Call for Category 1 proposals to the Rural Regeneration and Development Fund in 2021. The total cost of the project is €4,498,346. The amount of funding drawn down to date is €189,109 and further drawdowns are expected before the end of the year, with the bulk of the funding to be drawn down in 2024 and 2025.

The detailed design for the project is currently being developed and the final tender process is due to commence in the second quarter of 2024. The project is estimated to be completed in the second quarter of 2026.