The Government’s much talked about capital investment plan will be announced this afternoon.
A new rail link from Dublin city centre to the airport and Swords – most probably a metro service – will be the centrepiece of the announcement. Almost 30 billion in spending up to 2022 will be unveiled – but some of the funds such as that earmarked for housing has already been announced. It’s been months in the making, but the coalition is finally ready to announce part of its re-election plan – investment in infrastructure in the years ahead. Capital spending has suffered during the recession with few projects getting the go-ahead, and many cancelled. Transport was the biggest to be hit, but today one of the plans – for a metro service to Dublin Airport and Swords – will be resurrected – though likely with fewer stations. Roads will also see investment and a billion euro is to be spent on flood relief programmes. It’s already been announced that 450 million will be spent bringing state run nursing homes up to standard, while the Children’s hospital will also be included again, and more primary care centres are to be built. More social housing will be promised on top of the 3.8 billion already committed to. Education will also see 3 billion promised, alongside a commitment to get rid of prefabs in schools once and for all – but much of the money will be needed just to cater for the growing population.