Additional Investing For Infrastructure And Jobs

Following on from last year’s Infrastructure Stimulus Plan, the Minister for Public Expenditure and Reform, Brendan Howlin TD, today announced an additional investment of €150 million in Exchequer capital funding for 2013 to 2014. This represents the first phase of the Exchequer element of the Stimulus Plan.

Minister Howlin also provided details on the extensive preparations being made on the Phase 1 PPP Programme, which comprised the larger part of the Stimulus Plan. The Government has also agreed a new PPP Pipeline of projects valued at up to €250m.

The new programme of projects announced by the Minister today will include a mix of small scale essential works and some larger projects with roll out beginning over the summer. Minister Howlin said: "We are targeting additional Exchequer resources on smaller scale capital works mainly aimed at maintaining or improving existing assets."

Projects will be delivered in the areas of schools, energy efficiency and roads repairs. Ongoing maintenance of capital stock in these sectors is essential to help keep them in good repair and helps prevent more costly replacement of dilapidated buildings and roads. For these reasons, a total of €150 million will be invested in 28 school projects, local road maintenance and repairs, and a Local Authority Energy Efficiency Scheme.

Speaking today, the Minister said: "Although the public finances are severely constrained, it is important that we build for the future. It is absolutely vital for our long-term well-being and prosperity that children have proper school buildings in which they can learn, that our roads are safe and well-maintained and that local authority housing is as energy efficient as possible. I am delighted to be able to make this funding available."

(CD)