Major €100bn development plan gives ‘opportunity for transformation' as 3 keys areas targeted for ‘additional uplift'
Coalition leaders and senior ministers met on Saturday night to agree the final details of the
1
Minister Jack Chambers said the revised NDP gives an opportunity for transformation and investment
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The move is expected to see nearly €100 billion in overall investment in the State's infrastructure between 2026 and 2030.
The additional funding has been part-financed by the
Tanaiste
Further meetings were taking place today, with more to follow today.
Read more in Money
Saturday night's meeting was attended by Taoiseach
Minister Chambers said the revised NDP 'gives an opportunity for transformation and investment' in the Irish economy over the next five to 10 years.
He said €10 billion will be set aside for 'specific strategic investment'.
Mr Chambers added: 'It's across three specific areas - the water and wastewater infrastructure,
Most read in The Irish Sun
When asked where the extra €10 billion was coming from, the minister said it is 'part of our medium-term economic planning', adding that Government are prioritising capital investment over the medium-to-long term.
He said an 'additional uplift' is needed to address areas that 'can't wait any further'.
TARIFFS THREAT
Next week Minister Chambers will tell Cabinet colleagues that there is uncertainty around global trade and that the
He will say that the best way to safeguard the economy and increase competitiveness is to address the country's infrastructure deficits.
Uisce Eireann has said it needs an additional €2 billion on top of €10.3 billion already allocated for capital spending.
EXTRA FUNDS NEEDED
ESB Networks says it needs an additional €1 billion in equity as part of its €13.4 billion spending plan.
It is understood there will also be funding for EirGrid, the body which operates the electricity grid.
Tuesday's publication will set out departmental capital ceilings up to 2030 and overall capital investment until 2035.
Government Ministers will outline the specific programmes and investment they will prioritise as part of Budget 2026 in October.
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