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Dublin: 9 °C Friday 24 May, 2013

Ireland ‘could benefit’ from €50billion EU fund

The huge investment in infrastructure could boost Irish construction companies.

Broadband services would be among those to benefit from the fund
Broadband services would be among those to benefit from the fund
Image: seeweb via Flickr

THE EUROPEAN COMMISSION has announced plans to invest €50billion in infrastructure over the next nine years, in a move which it’s hoped could boost Irish business.

Under the funding initiative, almost €32billion would be ploughed into transport links between European countries, with another €9billion to help connect energy grids across national borders. The EU said this would help create more secure energy supplies.

There would also be another €9billion investment in high-speed digital networks, including broadband services and international links.

This could help attract up to €50billion of extra funding from private investors, according to the EU, which said the financial crisis has hit money supplies for infrastructure.

The proposals have been hailed by the Society of Chartered Surveyors Ireland, which said they could provide a “welcome boost” to the Irish construction industry.

John Curtin, the society’s president, said: “It could provide funding for infrastructural projects in Ireland in the areas of high speed broadband provision, transport networks and renewable energy.”

He added that these improvements would “improve our competitiveness, provide enhanced services for consumers and businesses and would be a welcome boost for the Irish construction sector which still employs over 100,000 people.”

The fund must be approved by the European Parliament and national governments before it can be rolled out, beginning in 2014.

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Comments (24 Comments)

  • I wonder how much will get into the pockets of the suits before it works its way down to the lad in the wellies?

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  • Please don’t let the government mention yet again the provision of broadband nationally, that nag left the starting gate in 1998 and is still running, somewhere…

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  • Ah, the surveyors think it’s a good idea. Ok then.

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  • Ireland could benefit from a lot of things first things first let’s get rid if the idiots that caused it all cause it doesn’t matter how much we can get from someone else it will only keep happening

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  • Look at the minute its all talk and we all know talk is cheap …..

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    • I won’t be surprised when the EU comes looking for their pound of flesh – what little is left of our sovereignty. Bit by bit we are being bought. They know that they only have to show us the money and be wont resist, like when they were buying the farmers off the land.

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  • Danny D 19/10/11 #

    “could benefit”? No s****, Sherlock…

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  • well this is good news! how come even when there is good news people still have to find something to moan about?

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  • I don’t think that Irish const. companies will get that big jobs… Big Turkish companies will get most of them I’m afraid, like Gama construction…

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  • if this goes ahead you can bet your bottom doller that by the time the govt sets up a committe to discuss what to do and how to do it, put’s out a list for tender ( even though the contracts will go to firms already decided by their mates in the dail) engages legal teams of 4 or 500 barristers ,soliciters etc to draw up the contracts, buys acres of land from wealthy farmers and developers,who bought it for next to nothing from n.a.m.a ‘just before the compulsery purchase orders were brought in’ and sets dates for the ‘minister for doing shag all’ to attend the official cutting of the sod, then and only then will we be told that the pot of gold has run dry due to ‘unforeseen costs’ in setting up the project.

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  • Any idea where this magic money will come from?

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  • That should read we, not be. Apology for that.

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    • Yes, down with this sort of thing, I say.

      I mean, APART from better sanitation and medicine and education and irrigation and public health and roads and a freshwater system and baths and public order… what have the EU ever done for us?

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    • Given us Catholicism!

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    • Supported dictators, encouraged the growth of a murderous arms industry, taken democracy away from the citizens, abused their position of power, destroyed the economies of several countries, wiped out native industries in several EU countries, encouraged the “ban” on the growth and development of Third World countries by imposing restrictive trade and tariff agreements on their produce, encouraged the destruction of Capitalism by imposing policies which result in no-risk solutions for large businesses (the poor will pay for the deliberate fuck-ups of the rich)….

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    • I bet you’re a blast at parties, Brian.

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    • Oh so personal insults are now required to make a proper analysis of what the EU has actually done for us? Wow, let me join that club! Has the EU provided us with medicine – no. Has it improved our education – no. Public health – well the current state of our health service which is worse now than ever would lead one to believe that, no, the EU has not helped here either. Public order? How has the EU provided better public order in Ireland? It may have done elsewhere, but not here. Baths??? Freshwater system??? Has the EU provided us with many benefits – yes. The question that must be asked though is this: should past good deeds blind us to what the EU is becoming? Do we share in the vision of Sarkozy and Merkel? Do we want Berlusconi as one of our leaders? What about Barosso who doesn’t know his head from his elbow? The EU does not work. It can’t work. We as citizens of the EU are not a homogenous group with a common defined patriotism for that institution. The old motto of the EU is long since dead and buried. You know the old “Unity in Diversity”! The EU now believes in Diversity only so far as that diversity is homogenous. We have directives levied on us without our say. We have an unelected “President”. We have a central bank which has no interest in the development or sustainability of the peripheral states such as Ireland, Portugal, Estonia, Cyprus, etc. The politicians at the very heart of the institution are generally paid exorbitant salaries even though they have very little real power – the EU Parliament is not much more than a debating chamber. We have a currency which, due to its artificial nature and the fact that certain countries that adopted it had grossly doctored their accounts, is bound to fail, with billions of taxpayers money being poured into it to keep it afloat for what will be a futile exercise. We have the likes of France which insists that French-speaking minorities must be protected in other countries and given full rights when it comes to linguistic issues, while at the same time denying their own indigenous minorities the same rights (i.e. the Alsatians, the Savoyards, the Basques, the Catalans, the Corsicans, the Bretons, the Occitans, the Flemish, the Picards, etc.). We have one country at the very heart of Europe which can’t even form a government (since June 2010) and which is on the verge of disintegration. We have politicians throwing racist and xenophobic remarks at entire nations when those nations’ citizens declare they do not share the same vision as the Eurocrats. Bullyboy tactics at the heart of Europe. What once was a fantastic and positive force for Europe has rapidly degenerated into farce, contempt for citizens, contempt for those not part of the EU, corruption, anti-democratic actions and policies, and corruption. Forgive me if I don’t wish to be part of such a group.

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  • Spot on Aidan – that quote has often come to my mind when thinking about our EU relations.

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