Tag Archives: Capital Investment

DÁIL SPEECH ON PPPs

The UK started its private finance initiative (PFI) programme in 1990 and the total estimated value of its public private partnerships is approximately £32 billion, whereas in Ireland so far it is €2.3 billion. Over the existence of previous Governments and the current Government, we have been used to school bundles and other proposals on housing and critical infrastructure. The reason the Government turned in that direction is precisely because of the blanket bank guarantee, the crash and the decision to totally eviscerate capital spending in this country for a decade. This was a deplorable decision and nobody involved in it really should be in the House.