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McGrath, Paul

Tuesday, 3 December 2002

Dáil Éireann Debate
Vol. 558 Nbr. 4


National Development Finance Agency Bill, 2002: Second Stage (Resumed).

The Bower in Athlone.More Button

I welcome the opportunity of addressing the House on the Bill. I am glad the Minister of State, Deputy Michael Ahern, has confirmed that we misinterpreted the promises made before the previous gene...More Button

It is an interesting assessment to make of the promises made and an interesting interpretation of what was said in the many letters issued.More Button

In my area Deputy Cassidy gave commitments towards Coralstown school which was listed on the departmental website as being approved to go to tender with 29 others. Some 30 primary schools were appr...More Button

The Minister for Finance, Deputy McCreevy, was the only realistic member of the previous Government. When he heard his colleagues making these commitments and promises, he knew he had to do somethi...More Button

The important thing was that the Minister, as an accountant, was concerned about having his books balanced. Tonight I am sure he is in the Department of Finance scratching around every possible cor...More Button

The Minister came up with this idea of a quango which is to be established to help him out in order that he can borrow money off the balance sheet. The Minister of State, Deputy Michael Ahern, as a...More Button

The purpose of this Bill is to establish a National Development Finance Agency (NDFA) to assist in providing [this is the important bit] cost effective finance for priority infrastructure projects ...More Button

It is a means of providing an alternative to up-front Exchequer funding. We have to get it off the balance sheet and this is how the Minister has decided it will be done.More Button

Something needs to be done because we have a huge infrastructural deficit. The national development plan is running way behind. Some 20 road projects have been shelved, many of which were mentioned...More Button

There are some projects which this agency could look after rather than having them managed under the national development plan, including the N52 around Mullingar. We are awaiting a planned eastern...More Button

There are sewerage projects that are supposed to be undertaken under the national development plan. In Mullingar development has stopped because there is no more sewerage capacity and there is a pr...More Button

What about the proposed toll road, the N4, between Kilcock and Kinnegad, that was due to start in April, but has now been pushed back? Will it proceed by way of PPP or will it be financed by this n...More Button

What about funding for rail services? Deputy Penrose mentioned a very interesting meeting we had recently with some commuters who use the commuter line between Dublin and Mullingar. It is remarkabl...More Button

Four PPPs have been established for schools around the country. Will the National Development Finance Agency replace the need for such PPPs? On television last night we saw the magnificent job that...More Button

The explanatory memorandum to the Bill states the functions of the agency will include:More Button

providing advice to State authorities, including Government Departments, to assist them [this is the important bit] in evaluating financial risks and costs and ensuring that they avail of the best ...More Button

What risk was involved for the private company which built the four schools in question? Was the State likely to go bust? Was it not likely to get its money? Was the school likely to get wrecked or...More Button

It is interesting that the Bill is being introduced when we need infrastructure. Over the past three years I have been dealing with the Office of Public works in relation to a Garda station that I ...More Button

However, the Office of Public Works decided to build the Garda station. It contracted the same builder to build it and divided the land. There is now a nice new small Garda station on half the site...More Button

Written Answers. - Tax Code.

Asked the Minister for Finance: the tax paid by a single income married couple with gross income of ?56,000 in 2002; if he will compare this amount to that paid by a double income married couple with each earning ?28,000 per annu...More Button

Written Answers. - Hospitals Building Programme.

Asked the Minister for Health and Children: the expenditure by his Department on capital works for phase 2B of Mullingar General Hospital in 2002; the projected expenditure on this project in each of the next three years; the additional hosp...More Button

Written Answers. - Affordable Housing Scheme.

Asked the Minister for the Environment and Local Government: in relation to an affordable housing project of 60 houses in Mullingar, County Westmeath, which is under construction for Westmeath County Council with an expected completion date of March 2003, fo...More Button