Government to announce €27bn in capital spending today

Government to announce €27bn in capital spending today

The Government's plan for capital investment will be announced this afternoon.

A new rail link from Dublin city centre to the airport and Swords - most probably a metro service - will be the centrepiece of the announcement.

Around €27bn in spending up to 2022 will be unveiled - but some of the funds such as that earmarked for housing has already been announced.

Capital spending has suffered during the recession with few projects getting the go-ahead, and many cancelled.

Transport was the biggest to be hit, but today one of the plans - for a metro service to Dublin Airport and Swords - will be resurrected, though likely with fewer stations.

Roads will also see investment and €1bn is to be spent on flood relief programmes.

It has already been announced that €450m will be spent bringing state run nursing homes up to standard, while the Children's hospital will also be included again, and more primary care centres are to be built.

More social housing will be promised on top of the €3.8bn already committed to.

Education will also see €3bn promised, alongside a commitment to remove prefabs in schools - but much of the money will be needed just to cater for the growing population.

UPDATE (8.40am): Taoiseach Enda Kenny later said the announcement was not an example of ‘auction politics’.

“It’s an attempt, really, to address priorities in a whole range of sectors, and the details will obviously be outlined by the Minister for Transport and the minister for Public Expenditure at 1pm,” he said.

“The next Government will introduce Budgets right out to 2020 for 2021, so there’s no need to be getting excited about an election yet.”

More in this Section

Senior garda appointed to investigation into street attack on Muslim girlSenior garda appointed to investigation into street attack on Muslim girl

Beef industry talks conclude with some agreement but price still an issueBeef industry talks conclude with some agreement but price still an issue

More than €400,000 recovered in ATM theft investigationMore than €400,000 recovered in ATM theft investigation

Man accused of firework attack in Copper Face Jacks has bail conditions relaxed so he can work at Electric PicnicMan accused of firework attack in Copper Face Jacks has bail conditions relaxed so he can work at Electric Picnic


Lifestyle

Up your veggie curry game with this delicious recipe.How to make Jamie Oliver’s stuffed curried aubergines

Riccardo Tisci has unveiled his Tempest collection, featuring a diverse cast of models.Is this Burberry’s most inclusive campaign yet? See pictures from the autumn/winter shoot

In search of close animal encounters, Sarah Marshall joins ‘Bear Whisperer’ Gary Zorn on a new adventure in Canada’s Cariboo Mountains.Glamping with grizzlies: Would you spend the night camping with bears?

In Ireland, a cohort of exceptionally talented women are leading the way in the production of sustainable jewellery, crafting beautiful pieces with the minimum impact on our planet, says Paul McLauchlanThese gems really treasure our environment

More From The Irish Examiner