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Dublin: 18 °C Thursday 22 August, 2019

#Capital Spending

From TheJournal.ie 'They'd have announced a new hinge on a door': Not everyone is impressed with the €11 billion plan for health Health Row

'They'd have announced a new hinge on a door': Not everyone is impressed with the €11 billion plan for health

“If a new hinge was to be put on a hospital door they’d nearly have announced it.”

From TheJournal.ie Why did Europe delay a report that criticised Ireland until after the election? Capital Spending

Why did Europe delay a report that criticised Ireland until after the election?

It says it did not want to be seen to be interfering.

From TheJournal.ie Aaron McKenna: Without proper investment in defences, we might as well abandon flood zones In Hot Water

Aaron McKenna: Without proper investment in defences, we might as well abandon flood zones

There’s money for capital spending to defend our most vulnerable cities from flooding – the trouble is the government wants to toss it down the drain to keep a few seats in Leinster House.

From TheJournal.ie Another €150 million added to Government's economic stimulus plan Capital Spending

Another €150 million added to Government's economic stimulus plan

The extra money will go toward school projects, road maintenance and repairs, and retrofitting for local authority houses.

From TheJournal.ie New DIT campus at Grangegorman to be part of €2bn stimulus package Stimulus

New DIT campus at Grangegorman to be part of €2bn stimulus package

Schools, healthcare and roads are also likely to benefit from measures being announced by the government later today.

From TheJournal.ie Column: We need to stop taking money out of people’s pockets Opinion

Column: We need to stop taking money out of people’s pockets

Yes, we’ve got a deficit to deal with – but making ordinary consumers pay is hurting the wider economy as well as our wallets, writes Aaron McKenna.

From TheJournal.ie North to go ahead with road project axed by Irish government Roads

North to go ahead with road project axed by Irish government

Construction could begin in September on portions of the A5 route, which was meant to link Monaghan and Derry.

From TheJournal.ie Unemployment group welcomes Budget’s freeze for welfare rates Budget 2012

Unemployment group welcomes Budget’s freeze for welfare rates

The Irish National Organisation of the Unemployed welcomes Fergus O’Dowd’s assurance that welfare rates will not be cut.

From TheJournal.ie Children's Hospital to go ahead but Metro North and DART underground shelved Spending Cuts

Children's Hospital to go ahead but Metro North and DART underground shelved

The government’s capital expenditure announcements also included the news that the linking of the Luas lines will go ahead.

From TheJournal.ie Liveblog: Capital spending announcement Liveblog

Liveblog: Capital spending announcement

Join us from 12 noon when we’ll be liveblogging the major goverment speech on capital spending with details on plans for projects such as Metro North, Thornton Hall and DIT.

From TheJournal.ie Capital spending cuts to be unveiled today Spending Cuts

Capital spending cuts to be unveiled today

Several major projects are expected to be set aside as €750million is cut from the Government’s capital budget.

TRANSPORT MINISTER Noel Dempsey has insisted that the Dublin-Navan rail link will still be finished by 2016 – despite the project not being listed as a priority in yesterday’s capital spending plan.

Speaking on RTÉ Radio 1′s lunchtime news, Dempsey gave a “cast iron guarantee” that the project would be completed on time, saying the Railway Order – the equivalent of planning permission – would be submitted early next year.

The transport minister had come under criticism for the perceived shelving of the line, as Navan – which has not been served by passenger trains since 1963 – lies within his own constituency.

The link was not earmarked as priority project in yesterday’s €39bn capital spending programme, and was conspicuous by its absence in the list of projects which were put forward for immediate completion.

But the minister says that the money is there to complete the project, of which the first phase – the completion of the line to Clonsilla in North Dublin – is almost finished.

Earlier, Fine Gael attacked the government’s decision to cut €1bn in spending from the plan, claiming it was merely an easy way for the Government to save a third of the €3bn it needs to cut in December’s Budget.

THE GOVERNMENT earlier officially published it’s €39.43bn programme for capital expenditure and investment over the next six years.

The 131-page document (PDF link) is heavy reading – so here’s our handy takeaway stats.

  • Every €1m of investment is expected to generate between 8 and 12 jobs – meaning the entire investment will create between 315,000 and 475,000 posts over six years
  • The Department of Transport will get the lion’s share of the fund with €12.17bn – or about 32.3% – of the investment.
  • The Deprtment of Environment, Heritage and Local Government also does well, with €8.5bn (22.7%) of the cash.
  • The other departments to do well are:
    • Education and Skills (€4.2bn / 11.2%),
    • Enterprise, Trade and Innovation (€3.79bn / 10.0%)
    • Health & Children (€2.89bn / 2.2%).
  • The transport projects being prioritised are the ‘Major Inter Urban-Routes’ – motorways between Dublin and Cork, Limerick, Galway and Waterford, the N11 and the Atlantic Route Corridor
  • The Metro North is saved, as is the Luas Interconnector route – the report says they were an important part of the Programme for Government
  • The Dublin-Navan rail link and the Western Rail Corridor, connecting Tuam to Claremorris, are on hold
  • In health, the priorities include a new children’s hospital, a new cardiac and renal unit in Cork, and the redevelopment of the Mater
  • In education, €3bn will do on upgrading primary and secondary schools, with €650 in third level
  • Tender values are about 30% down on their peak, meaning that the money will go further than it would have a few years ago