Labour Blog

Labour Blog

Capital plan will support sustainable economic recovery

Posted on September 29, 2015 at 04:50 PM

Capital Investment Plan Launch - Minister Brendan Howlin

Today’s announcement of a €27 billion capital investment plan 'Building the Recovery' by Brendan Howlin, Labour Minister for Public Expenditure and Reform, will provide substantial social and economic benefit to our future and it will contribute to making life better for all.

[Download the Capital Investment Plan 2016 - 2021]

Speaking at the launch the Tanaiste Joan Burton said 'economic recovery is not enough'

"There must be a social recovery too. Put simply, that means making life better for people in every community across the country. Employment is a crucial aspect of that – and today’s latest figures, showing another decrease in unemployment to 9.4% from a crisis peak of more than 15%, really matter. Because every new job – and we’re adding 1,300 every week now – benefits not just one person, but their families and communities."

[Read the Tanaiste's full statement here.]

Minister Brendan Howlin said 'Building On Recovery' sets out a responsible, affordable and sustainable way forward.

"It maps a route to continued economic recovery and will provide the bedrock of future growth. It is the investment dividend arising from this Government’s stewardship of the public finances back from the brink five years ago." 

[Read Minister Howlin's speech here.]

This six-year capital investment plan, ‘Building on Recovery’ sets out the Government’s commitment to Exchequer investment and will;

  • Support some 45,000 constructionrelated jobs.
  • Protect our economic recovery and competitiveness.
  • Invest in projects and programmes throughout the country.
  • Build new roads across the regions.
  • Build a major new Metro scheme in Dublin.
  • Provide more investment, via the Enterprise Support Agencies, to meet greater demand and a regional initiative will aim to support jobs in the regions.

It will also provide;

  • A commitment to rollout Broadband in rural areas.
  • Investment via the Rural Development Programme, and a new Village Renewal Scheme will help to strengthen regional competitiveness and sustainability in rural areas.

Permanent link | Categories: