Fermoy sewerage scheme financing
The Minister approved contract documents for stages 1 and 2. The scheme is to be financed by a Local Loans Fund loan, with a 50 per cent State subsidy towards annual loan charges; loan proposals will be considered alongside tender proposals.
asked the Minister for the Environment when he proposes to make a grant available to Fermoy urban council for the development of the town's sewerage scheme.
Comment on this
I approved of the contract documents for stages 1 and 2, of the Fermoy sewerage scheme on 19 April 1984. It is now a matter for Fermoy Urban District Council to advertise for tenders for the scheme. The scheme falls to be financed by way of loan from the Local Loans Fund and not by way of grant. Any proposal from the local authority for the raising of the relevant loan will be considered in conjunction with any proposals they may submit for the acceptance of tenders for the construction of the scheme. A State subsidy of 50 per cent towards annual loan charges would apply in respect of the scheme.
Question No. 16 postponed.