Private-sector investment commitments
Kelly asks whether private firms have legally binding commitments toward the plan’s £200 million target. Fitzgerald says about £150 million has been allocated or covered but does not confirm binding commitments; he offers to provide quarterly reports to Deputies.
Could I concentrate, for a couple more questions, on just one aspect of this investment plan, namely the private sector participation aspect? Could the Minister tell us, between three and four months after the publication of this plan, how many definite projects have been undertaken by the private sector as part of his £200 million target, projects which now can be described as having a legally binding quality, and for what sum of money?
Comment on this
It is not part of the investment plan. The investment plan is a physical plan on the ground.
Comment on this
It is part of the funding of the plan and is an entirely separate question. I did recently explain how approximately £150 million of that £200 million was being covered.
Comment on this
Could I just get this point clear? Is the Minister saying that he has commitments, in the context of his budget target, of a legally binding quality from the private sector for sums totalling £150 million?
Comment on this
I explained how £150 million of that money was being allocated. If the Deputy wishes to put down a specific question, he may do so.