Public transport fares and CIE borrowing
Timmy Dooley criticises rising public transport fares and asks when the CIE borrowing Bill will be introduced. Burton says it will come this session to support CIE’s viability.
Successive Governments have sought to achieve a modal shift from private to public transport. Given the current economic circumstances and with oil prices increasing, this is a good time to continue such efforts. Notwithstanding this, the National Transport Authority, with the support of the Government, has allowed a considerable increase in fares on public transport.
Comment on this
It is relevant, given that the Transport (CIE Borrowings) Bill would allow CIE to increase its capacity to borrow and, as such, help resolve the issue.
Comment on this
It will be introduced this session. The purpose of the Bill, in conjunction with the actions of the Government, is to ensure a viable future for CIE.