Govt set to sign off on €100 billion revised National Development Plan
Coalition leaders and senior ministers will meet this morning to sign off on the €100bn revised National Development Plan.
The blueprint for infrastructure spending will be announced tomorrow along with the Summer Economic Statement.
Housing, transport, energy and water services will be funded from the new National Development Plan.
Minister for Public Expenditure Jack Chambers said it will amount to €100bn from 2026 to 2030, along with the promise of another €100bn for the following five years.
The aim is to address shortfalls in services and utilities while also shoring up Ireland’s competitiveness.
Tánaiste Simon Harris said the new plan will signal a step change in infrastructure investment.
Headline figures will be announced tomorrow, with the allocations for departments and utilities set out.
However, the full list of projects will not be confirmed for several months.
“I think it’s important that people are aware that the backdrop against which the Summer Economic Statement will be published this year will be very, very different from previous years,” Mr Harris said.
He added: “We are endeavouring to put together a set of economic projections at a time of huge global uncertainty.
“So, it is going to be necessary to be prudent in the figures we publish and to make decisions in the weeks and months ahead that have a real focus on protecting jobs and investment and keeping our country safe during what could be an economically turbulent period ahead.”
Govt cannot wait for tariff situation to be resolved when planning ahead – Canney
Minister for State at the Department of Transport, Sean Canney, said that the Government cannot wait until the tarriff situation is resolved when planning for the future.
Speaking on RTÉ’s Morning Ireland programme, Minister Canney said that the Government is devising “additionality” to the National Development Plan.
“The biggest threat to everything we do and plan is tariffs and where they’re going to land, but we cannot wait until all of that is put to bed to start planning for our future over the next five years,” he said.
He said that it is “critical” that infrastructure is put in place over the next five years.
“I do accept the fact that in all things that we’re planning, you have this cloud hanging over us and nobody can predict what’s going to happen tomorrow, what will come from the United States tomorrow or next week.
“We just have to, within the EU, continue to try to negotiate to find a settlement on the tariffs issue so that we can plan with better certainty in the future,” he added.
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