Public Consultation for Mid-Term Review of the Capital Plan (closed)

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.  Consequently, there remains €2.655 billion of additional capital resources to be allocated over the period 2018-2021, as follows:

2018 2019 2020 2021 Cumulative
Gross Fixed Capital Formation 175 355 475 510 1,515
Other Capital (e.g. Grants) 0 180 380 580 1,140
Total Unallocated Capital 175 535 855 1090 2,655

This additional funding will be allocated on the basis of the mid-term review of the Capital Plan that is now underway, which will result in the publication of a new 10 year capital plan by year end.

A core principle in allocating the additional funding is to adopt a clearly prioritised approach to its allocation, with a view to underpinning our medium-term growth potential and ensuring delivery of value for money for the additional investment.

The objective of this consultation is to ascertain the views of the public and key stakeholders on what our national infrastructure priorities should be, when deciding on how the remaining €2.655 billion additional capital funding is to be allocated, and also to seek views on infrastructure investment priorities beyond the period of the current Capital Plan, to help formulate a longer term 10 year capital plan.

Submissions will be accepted up until 30th April 2017.

Your Views

Please click here to give your views on the mid-term review of the Capital Plan.

Information on the Mid-Term Review of the Capital Plan

This document sets out the context of mid-term review of the Capital Plan, along with some of the key issues which might be considered in any submissions made as part of this public consultation.

Details of how and when submissions can be made are contained here.

Building on Recovery: Infrastructure and Capital Investment 2016-2021

On 29 September 2015 the Minister for Public Expenditure & Reform, Mr Brendan Howlin TD, announced a large scale investment programme to increase the State’s infrastructure, support economic recovery and jobs, support sustainable communities throughout Ireland and provide modern, fit for purpose buildings to deliver services to our citizens.

Submissions from Government Departments

Funding submissions from Government Departments in relation to the Capital Investment Plan 2016-2021 are available at the link below for reference (with a limited number of redactions made by Departments in line with the provisions of Freedom of Information legislation).

Submissions from Government Department

Stimulus

Through the use of proceeds from the sale of State assets and the new licensing arrangement for the National Lottery it has been possible to increase capital investment levels in recent years and so progress additional projects which were not included in the Exchequer Framework published in 2011. The Department has done this through a series of Exchequer capital investment stimulus packages:

  • In June 2013, an additional €150m in Exchequer funding was allocated to 28 school replacement, refurbishment and extensions projects, local and regional road maintenance and a programme of energy retrofitting of Local Authority housing (further details are available here);
  • In Budget 2014 it was announced that, along with the €200m already committed to the National Children’s Hospital, some €200m would be invested from the Lottery Licence transaction in a range of capital projects and programmes across the country (further details available here);
  • Finally, in May of 2014, a further €200m of investment was announced for a range of capital projects to be funded from the proceeds of the sale of State assets (further details available here).

These are in addition to the new €1½ billion PPP programme which was announced in July 2012. Further details on PPPs are available here.