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To ask the Minister for Public Expenditure and Reform the number of jobs he anticipates will be created as a result of the recently announced €150 million allocation in Exchequer capital funding for 2013 to 2014; and if he will make a statement on the matter.

- Mick Wallace.

For ORAL answer on Thursday, 20th June, 2013.

REPLY

The projects identified for delivery through the additional €150m Exchequer funding will begin to be rolled out over the summer. Departments will initially meet costs associated with these projects from within their existing budgets on the basis that they will be reimbursed for moneys spent in 2013 once proceeds from State asset sales and from the National Lottery Licence are realised towards the end of the year. While it is difficult to predict the exact quantum of funding which will be spent in 2013, it is expected to be in the region of €70m with the remainder being spent in 2014 and a small element in 2015.

The funding has already been allocated to specific projects and these were identified in the announcement made earlier this month. More details regarding specific projects are available from the relevant Departments. All of the projects to be funded through this package are capital projects.

The additional Exchequer funding has been targeted towards smaller scale capital works mainly aimed at maintaining or improving existing assets. As well as maintaining our assets, the works proposed are known to be labour intensive, will help create jobs and will be spread throughout local communities. Minor works tend to be more labour intensive than major new build projects with figures rising in some instances to 17-19 jobs created per €1m expenditure. It is expected that this additional Exchequer funding can support in the region of 3,000 jobs over the period of the roll-out. This is on top of the estimated 13,000 jobs which will be supported through the new PPP Programme which I announced last July.

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