Menu
11/04/2011
Irish Transport Programme To Help Build Jobs
The Irish Minister for Transport, Tourism & Sport, Leo Varadkar, has said he will set out a clear plan for transport projects during the lifetime of the Government, including 'shovel ready' projects which will create jobs in the immediate future.
Minister Varadkar made his remarks at the CMG Construction Capital Spend Conference in Dun Laoghaire: "I see the need to continue to invest in transport projects, public transport in particular, to create construction jobs in the short term, but more importantly in the long-term. This will improve our competitiveness and create jobs across the economy as a result.
"It is estimated that 15,000 jobs are created for every €1 billion invested in capital projects, and that the economic return for every €1 invested can be as much as €2 or even €2.50.
"I have already directed that funds not used by the NRA on new projects this year should be identified and diverted to repairing badly damaged secondary national, regional and local roads. These measures will result in hundreds of contracts, mainly for small, local firms this year. And they will boost confidence locally," he said.
"As part of the Government’s Comprehensive Spending Review, there will be a comprehensive review of capital spending with a view to developing a new National Development Plan for 2012-18 as promised in the Programme for Government.
"That work will begin in the coming weeks. When it is agreed by Cabinet it will give certainty to the industry and agencies about which projects are going ahead in the next six years and which are not."
He continued: "I get the impression that the last government was unwilling to make decisions in the dying days of its administration. Planning, public consultation and preliminary works on major transport projects such as Metro North, Metro West, Luas BXD, Luas F, DART Underground and major road projects have continued, but funding has not been identified and timelines for construction are uncertain.
"I am ambitious about infrastructure. And I would like to see all these projects go ahead. Metro North and DART Underground perform well in cost-benefit analyses and they are exactly the kind of projects that I want to see in our capital city, my home town and the city that I love.
"The same applies to major road projects across the country like the Atlantic Corridor and the by-passes proposed for our towns.
"But we cannot go on planning for projects without being able to fund them. We need to articulate a realistic, affordable and funded capital programme for Transport and we need to get on with it. And that is what we intend to do."
"Certainly, I would like to see at least one major rail or light-rail project commence soon, perhaps on an incremental basis, whether it’s Metro North, Luas BXD or Dart Underground.
"I am keen to study what options exist in relation to Bus Rapid Transit for suburban parts of Dublin. I want to be clear that no decisions have been taken to date, either by me or the Cabinet, and all options will be considered," the Minister concluded.
(GK/BMcC)
Minister Varadkar made his remarks at the CMG Construction Capital Spend Conference in Dun Laoghaire: "I see the need to continue to invest in transport projects, public transport in particular, to create construction jobs in the short term, but more importantly in the long-term. This will improve our competitiveness and create jobs across the economy as a result.
"It is estimated that 15,000 jobs are created for every €1 billion invested in capital projects, and that the economic return for every €1 invested can be as much as €2 or even €2.50.
"I have already directed that funds not used by the NRA on new projects this year should be identified and diverted to repairing badly damaged secondary national, regional and local roads. These measures will result in hundreds of contracts, mainly for small, local firms this year. And they will boost confidence locally," he said.
"As part of the Government’s Comprehensive Spending Review, there will be a comprehensive review of capital spending with a view to developing a new National Development Plan for 2012-18 as promised in the Programme for Government.
"That work will begin in the coming weeks. When it is agreed by Cabinet it will give certainty to the industry and agencies about which projects are going ahead in the next six years and which are not."
He continued: "I get the impression that the last government was unwilling to make decisions in the dying days of its administration. Planning, public consultation and preliminary works on major transport projects such as Metro North, Metro West, Luas BXD, Luas F, DART Underground and major road projects have continued, but funding has not been identified and timelines for construction are uncertain.
"I am ambitious about infrastructure. And I would like to see all these projects go ahead. Metro North and DART Underground perform well in cost-benefit analyses and they are exactly the kind of projects that I want to see in our capital city, my home town and the city that I love.
"The same applies to major road projects across the country like the Atlantic Corridor and the by-passes proposed for our towns.
"But we cannot go on planning for projects without being able to fund them. We need to articulate a realistic, affordable and funded capital programme for Transport and we need to get on with it. And that is what we intend to do."
"Certainly, I would like to see at least one major rail or light-rail project commence soon, perhaps on an incremental basis, whether it’s Metro North, Luas BXD or Dart Underground.
"I am keen to study what options exist in relation to Bus Rapid Transit for suburban parts of Dublin. I want to be clear that no decisions have been taken to date, either by me or the Cabinet, and all options will be considered," the Minister concluded.
(GK/BMcC)
Related Northern Ireland Recruitment News Stories
Click here for the latest headlines.
25 July 2012
Minister Announces €20m For Co-Investment In Seed And Venture Capital Funds
The Minister for Jobs, Enterprise and Innovation, Richard Bruton TD, has today announced that €20m is available for co-investment in seed and venture capital funds, and issued a call to fund managers to signal their interest in setting up funds. This €20m comes under the Enterprise Ireland Seed and Venture Capital Programme 2007 – 2012.
Minister Announces €20m For Co-Investment In Seed And Venture Capital Funds
The Minister for Jobs, Enterprise and Innovation, Richard Bruton TD, has today announced that €20m is available for co-investment in seed and venture capital funds, and issued a call to fund managers to signal their interest in setting up funds. This €20m comes under the Enterprise Ireland Seed and Venture Capital Programme 2007 – 2012.
16 October 2008
Call For Executive To Meet As Jobs Crisis Looms
There has been a fresh call for an end to bickering over the failure of the NI Executive to meet.
Call For Executive To Meet As Jobs Crisis Looms
There has been a fresh call for an end to bickering over the failure of the NI Executive to meet.
28 September 2011
Funding To Create 400 Jobs
A sum of |€3.1 million has been dedicated to creating job opportunities in the last few months of 2011. Minister for Small Business, John Perry TD, today announced the funding to the County and City Enterprise Boards (CEBs).
Funding To Create 400 Jobs
A sum of |€3.1 million has been dedicated to creating job opportunities in the last few months of 2011. Minister for Small Business, John Perry TD, today announced the funding to the County and City Enterprise Boards (CEBs).
12 March 2012
Details Of Major School Building Projects Announced
The Minister for Education and Skills, Ruairí Quinn T.D., today announced details of 219 new major school building projects which will begin over the next five years as part of a €2 billion capital investment programme. These new projects are in addition to 56 major school building projects that he already announced for 2012.
Details Of Major School Building Projects Announced
The Minister for Education and Skills, Ruairí Quinn T.D., today announced details of 219 new major school building projects which will begin over the next five years as part of a €2 billion capital investment programme. These new projects are in addition to 56 major school building projects that he already announced for 2012.
26 November 2012
Amanie Advisors To Establish In Dublin
Minister for Jobs, Enterprise and Innovation, Richard Bruton TD, has announced that a global advisory firm in Islamic Finance, Amanie Advisors is to establish an operation in Dublin.
Amanie Advisors To Establish In Dublin
Minister for Jobs, Enterprise and Innovation, Richard Bruton TD, has announced that a global advisory firm in Islamic Finance, Amanie Advisors is to establish an operation in Dublin.
-
Northern Ireland WeatherThis Evening and Tonight:A dry night, save for a few light showers around the coasts, with prolonged clear spells and light winds bringing a frosty dawn for many in central and southern parts. Minimum temperature -3 °C.
