Wednesday, 20 May 2009

Cowen investment in NI Roads under threat?

In 2007 Taoiseach Brian Cowen offered the Northern Ireland Executive €400m to upgrade roads to Larne and between Aughnacloy and Derry. This was confirmed again by Minister for Transport Dempsey in January 2009 and the Taoiseach in remarks to the CBI in March 2009.

We are now in a very different economic and political situation on this island. The news and trust in banks seems to take a hit on a weekly basis and Fianna Fail are at their lowest popularity rating ahead of the European elections.

Given that some commitments, such as finance for the Autism Centre of Excellence in Armagh have been dropped it is possible that the €400m may be under threat.

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