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 that will 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).
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.