Donohoe updates Project Ireland 2040 pipeline

Minister for Finance and Public Expenditure and Reform Paschal Donohoe has launched a suite of materials on the Project Ireland 2040 capital development plan.

The materials include an updated Investment Projects and Programmes Tracker, Phase 2 of the MyProjectIreland interactive map and a report containing high-level information on 50 of the largest projects included in Project Ireland 2040; Prospects – Ireland’s Pipeline of Major Infrastructure Projects.

Donohoe said ‘significant headway is being made in the delivery of Project Ireland 2040. Hosted on gov.ie/2040, the Tracker and Map provide citizens with in-depth information on the progress underway in their town, city, county, province or region. Additionally, and as our economy continues to grow Prospects provides both domestic and international construction firms the strong evidence base they need to plan effectively for the substantial opportunities available to them for investment.’

He added: “The Government’s stewardship of the economy has allowed for strong economic growth, record employment, and strong incomes growth. For two years in a row we have taken in more revenue than we are spending. Running a surplus like this makes sense as it creates a buffer and makes us more secure for the years to come. We have done all of this while increasing our spending on roads, hospitals, housing and the infrastructure our people need to thrive and prosper; increasing our public capital investment by 23% in 2019 with a further increase of 11% planned for 2020. This will bring our investment in this area up to 4% of national income compared to the EU average of 2.9%.”

Of the 196 projects captured within the Tracker, 59 are at construction stage, A further 22 projects, costed at over EUR20m are set to commence construction in 2020 and 21 projects are set to complete construction in 2020.