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National Development Plan main points: how much is being spent and who are the big winners?

National Development Plan main points: how much is being spent and who are the big winners?

Irish Timesa day ago
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?
READ MORE
The amount of money coming from the Exchequer totals €202.4 billion, with another €63 billion from 'non exchequer capital' - likely to include private sector spending and so on.
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.
Of this, €23.9 billion is coming from 'once-off funds' from the Apple case and AIB share sales.
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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 the ESB
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