Fianna Fáil announce multi-billion-euro investment in key infrastructure to take Ireland forward

Fianna Fáil has set out its plans for investing €15BN in infrastructure across housing, electricity, water and transport to further boost economic growth and future-proof much needed housing supply.

The Party has said the unprecedented investment will address the infrastructure deficit and ensure long-term sustainability. 

Alongside the establishment of a new Towns Investment Fund of €2BN allocated to regional and rural areas to build and upgrade infrastructure, the Party has pledged:

·       A €4BN allocation will be made available to the Land Development Agency (LDA) to boost the delivery of affordable and social homes on the scale of developments such as those seen in Shanganagh Co. Dublin

·       An additional €2.5BN will be invested in the electricity grid to further develop it both on and off-shore

·       Water and wastewater services will be boosted by a €3BN capital investment to future proof housing delivery

·       €3.6BN will be provided for the improvement of transport networks countrywide

Minister Darragh O’Brien, General Election Candidate for Dublin Fingal East said, “Fianna Fáil know what’s required to deliver the homes our country needs both now and into the future and that’s infrastructure.

“What we mean when we say key infrastructure is proper water and wastewater supplies so that towns can grow, we mean a robust electricity grid which can sustain us into the future and new roads as well as better public transport options to support those living in both rural and urban Ireland.

“These areas are suffering from an infrastructure deficit and we need to invest in them while continuing our unprecedented investment in housing. The Land Development Agency, which Fianna Fáil in Government legislated for and capitalised, will be boosted by €4BN in funding ensuring they can further enhance their pipleline of new affordable and social homes which currently stands at 14,000. 

“We will use the once-off funds which are available to us from the sale of AIB shares and the Apple revenues because unlike other Parties we know that these funds cannot be used for reoccurring expenditure and need to be directed into capital projects which will benefit all citizens.

“With resilient infrastructure we can build new homes, support the green and digital transitions and underpin our future economic development,” he concluded.

ENDS