Dáil Éireann - Volume 590 - 14 October, 2004

Written Answers - Public Private Partnerships.

  32. Ms O. Mitchell asked the Minister for Finance if he has satisfied himself with the performance of PPP projects to date; and his expectation for expenditure funded in this way in 2005. [24602/04]

  Mr. Cowen: Public private partnerships have an important role to play in addressing our infrastructural needs. While the performance of individual PPP projects is a matter in the first instance for the Minister with primary responsibility for the areas to which these projects relate, the initial programme of projects was a pilot phase and the lessons learnt have been incorporated into guidelines issued by my Department. We are still learning and will keep our processes and procedures under review.

A major change in the financial treatment of capital spending was initiated in budget 2004 with the introduction of five year capital investment envelopes. These included significant provision for PPP-NDFA funded investment. The allocations in these envelopes for expendi[733] ture in 2005 will be reviewed in the normal manner, in the context of the formulation of the budget.