The government has announced the details of a flagship plan to invest €112 billion to build infrastructure over the next five years.
The revised National Development Plan contains funding for housing, energy, water and transport projects from 2026 to 2030.
Around €30bn of that figure is said to be new funding, some of that coming from the Apple tax money and the sale of AIB shares.
The overall funding of €112bn is made up of €102.4bn allocated to departments for 2026 to 2030 as part of Exchequer ceilings within the NDP along with an additional €10bn in equity funding to support the delivery of large projects in the water, energy and transport sectors.
Housing, not including water, will receive an investment of up to €36bn.
Housing delivery is the centrepiece of the plan, with increased funding to build homes and accompanying electricity and water connections.
Transport will receive €24bn, with €2bn of this for Dublin’s Metrolink.
Meanwhile, €3.5bn is earmarked for electricity services and the grid going to ESB Networks and Eirgrid.
Some €2bn in equity funding is also being provided to Uisce Éireann in 2025 to enable the delivery of 300,000 additional homes by 2030.
A further €2.5 billion in funding is being provided to Uisce Éireann for large scale projects over the period to 2030.
Taoiseach Micheál Martin said the plan will represent ‘the largest investment in economic and social infrastructure in the history of the State’.
Read the full report on www.rte.ie
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