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Funding allocated for public transport to be spent in 2008

Date: 10 July 2008

Dáil Question No: 268 *To ask the Minister for Transport if he expects all funding allocated for public transport investment to be spent in 2008; if delays in projects will result in funds not being spent; if he is planning supplementary estimates to transfer funds; and if he will make a statement on the matter. - Fergus O'Dowd.

 
Answered by the Minister for Transport
(Noel Dempsey T.D.)

REPLY

Expenditure projections to year-end indicate that a saving is likely in the funding allocation provided for public transport. This arises mainly from the fact that land acquisitions are not proceeding as quickly as originally anticipated at the start of the year. This saving will not have any direct impact on the implementation timetable for public transport projects.

I have no plans to seek a supplementary estimate this year, as I propose to deal with the saving through the mechanisms provided for in the capital envelope agreement which my Department has with the Department of Finance.