Major transport cuts expected in spending plans

MAJOR cuts to transport projects around the country are expected to be announced today as part of the Government’s revised capital spending plans.

The plan to spend €39 billion on infrastructure between now and 2016 is being described as a job-creating “stimulus” by the Government.

Ahead of today’s launch, Taoiseach Brian Cowen said it is “exactly the type of stimulus the economy needs to help rebuild confidence and accelerate economic recovery”.