Debt problems 'scaring off' private investors for road projects

The head of communications with the National Roads Authority Sean O'Neill has said Ireland is having trouble in finding private investors for road projects because of the country's debt problems.

The 'Public-Private' Partnership model is based on private investors paying for projects up-front, with the Government paying them back over time.

But Mr O'Neill has said investors are becoming scarce on the ground over fears about Ireland's ability to repay debts.

He said until that confidence returns, many road projects may have to be "put on the long finger".