€27bn six year capital investment plan to secure the recovery
Fine Gael TD for Galway West/ South Mayo, Sean Kyne, has said that Galway city and county are to benefit from significant Government investment under the Capital Investment Plan.
“The Government has today (Tuesday) announced a €27 billion six year Capital Investment Plan to help with the ongoing work to secure the recovery, to restore all the jobs lost in the recession by 2018 and to get unemployment down to 6% by 2020.
“As part of this plan, €1 million will be allocated each year in 2016 and 2017 to establish a Strategic Regional Development Office in the Western Region under the Western Development Commission (WDC). This particular funding is part of an overall €30 million scheme to support the revitalisation of towns and villages around the country.
“The new Strategic Regional Development Office will co-ordinate the implementation of recommendations of the Commission for the Economic Development of Rural Areas (CEDRA) in the Western region. This will be a pilot initiative and, if successful, could be replicated in other regions.
“The Plan also contains several infrastructural projects for Galway including the Galway City Bypass/N6 Transport Project, the Moycullen Bypass, the expansion of the Ros a’ Mhíl Port, and further development of the pier on Inis Oírr.
“The specific inclusion of the Galway City Bypass/N6 Transport Project demonstrates the clear and ongoing commitment of this Government to this vital project. Furthermore, the Plan will see construction of the Moycullen Bypass which has completed the planning process and is shovel-ready.
“The inclusion of Ros a’ Mhíl as one of the Fishery Harbour Centres mooted for further development under this Capital Investment Plan is very significant and I will work closely with the Minister to progress this project.
“The €8 million for development of the pier on Inis Oírr will enable the safe use of the port in all weather conditions and will complement the recently completed facilities at Doolin.
“This is an affordable, responsible Capital Investment Plan which is consistent with the Government’s plan to eliminate Government borrowing by 2018. We will never go back to the bad old days of boom and bust. The days of Fianna Fáil blank cheques are gone.
“The Capital Plan is also necessary to promote regional economic growth and create jobs, and the projects committed to are reliant on the choices made by this, and the next Government to continue the recovery. Fine Gael and Labour have proven that we can work together to deliver a strong economy. The decisions taken by this Government have brought us to an important time in our recovery which is still fragile and incomplete. We must continue to manage the national finances carefully or risk falling backwards.
“We are now the fastest growing economy in Europe and we are creating over 1,300 new jobs a week, yet we know that not every family has felt the benefits yet. This investment plan will help spread the recovery around the country so that every person and family can benefit and enjoy a better quality of life.”