The Government has taken the wraps off its long-awaited multibillion euro National Development Plan to tackle infrastructure deficits - but what will it do?
How much is being spent?
The big figure in the plan is a total investment of €275.4 billion over the period from 2026-2035.
Where is all this money coming from?
The amount of money coming from the Exchequer totals €202.4 billion, with another €63 billion from “non exchequer capital” coming from commercial semi-state companies
Then there’s another €10 billion in equity and fund releases to be disbursed over the next five years to plug holes in water, energy and transport. That gets you to the big figure of just over €275 billion.
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Of this, €23.9 billion is coming from “once-off funds” from the Apple case and AIB share sales.
All told, we’re looking at an increase from previous levels in the NDP of €34 billion.
[ Live updates: National Development Plan announced Opens in new window ]
Which departments are the big winners?
We only have allocations for the next five years - after that, things get a bit woolier, with plenty of talk of “trajectories” and so on. The first five years cover off just under €102.4 billion.
The big winners are unsurprisingly the sectors that have been pinpointed as suffering from major infrastructural deficits which contribute to the housing crisis. Indeed, the housing crisis is at the beating heart of the NDP review.
The five biggest allocations are:
- Housing: €36 billion, split between housing proper (€28.3 billion) and water investment (€7.7 billion)
- Transport: €22.3 billion
- Health: €9.3 billion
- Education: €7.6 billion
- Climate, environment and energy: €5.6 billion
What about outside the government departments?
Utilities and megaprojects have had specific allocations made towards them. However, we’ll be waiting a while to find out how departments themselves will spend the money they’ve been given. But we do know that:
- Uisce Éireann will get €2 billion in equity funding in an effort to build out projects supporting the Government target of 300,000 homes by 2030
- The water utility will also get €2.5 billion for large scale water infrastructure
- There’s €2 billion put aside to kick start Metrolink construction
- Energy utilities and operators will benefit: €1.5 billion for ESB and €2 billion for Eirgrid
[ Fast-track planning to speed up national infrastructure in €200bn planOpens in new window ]
