Capital Investment Plan Welcomed

  • Release Date: 29/09/2015

The American Chamber of Commerce Ireland, has welcomed today's publication by the Government of a new €27 billion Capital Investment Plan. The body, said that the plan showed a commitment to Ireland's future that will improve the country's attractiveness for Foreign Direct Investment (FDI).

Speaking about the plan President of the American Chamber, Eamonn Sinnott said "Investment in Ireland's physical and digital infrastructure is critical to maintaining and improving the country's competitive position as a location for FDI. It is extremely positive to see that the commitment within this plan to significant investment in transport, education and broadband infrastructure."

"Ireland has clearly seen the benefits of the significant road enhancements of the past decade it is now timely that we continue these investments," according to Mr. Sinnott. "It is extremely positive that a €6 billion investment is being planned for road infrastructure, as there are a number of critical projects in need of completion. These include the Cork and Galway outer ring road projects; the N28 Cork to Ringaskiddy road; and improving links to the North West of the country including upgrades to routes between Dublin and Derry, Letterkenny and Sligo."

"Ensuring Ireland has a strong supply of talented people entering the workforce is essential to our future. The planned investment of €3 billion in education is needed to help Ireland's economy evolve and to support population growth." Eamonn Sinnott President of the American Chamber concluded by stating "The American Chamber look forward to supporting the Government to realise the successful implementation."