The eagerly awaited capital spending plan is due to be published this afternoon but already details have emerged, including details of roads and transport infrastructure plans. According to media reports €27bn will be spent by government over the next five years with the creation of 45,000 construction jobs.
Speaking earlier today Taoiseach Enda Kenny, TD said the programme is “an attempt really to address priorities in a whole range of sectors”.
It is expected a revised Metro system from Dublin city centre to the airport and Swords will form the single largest project announcement with a value over €1bn. The next single largest project in the plan is the children’s hospital. It will be allocated €650 million, of which €200 million will come from the lottery licence.
“The Construction Industry Federation and its membership are eagerly awaiting today’s announcement from Government of the Public Capital Spending Programme,” said Tom Parlon, CIF Director General. “The significance of this Programme to the construction industry is reflected in number of jobs (45,000) estimated to be directly created during the construction phase. The Capital Programme has accounted for up to 50% of work in the construction industry in previous years and we hope that the infrastructural projects announced later today will continue this trend.”
A full review of the spending plan will be published later today after the official government announcement.