17 December 2010
Extract of The Finance Ministers speech to the Stormont Assembly Today
“As I have previously indicated, there is a strong commitment on the part of the Executive to ensure that every possible measure is taken to assist the local economy. When the UK Spending Review was published in October there was much comment on the negative impact that the cut on capital investment would have on our construction sector. In light of this concern, the Executive has agreed to reclassify in excess of £250 million current expenditure into capital investment over the period. This will mean that by 2014-15, capital spending will total some £1.5 billion, reflecting a level of spending recorded in 2005-06. So there are still a significant amount of capital projects to take forward over the next four years and spending in this area will be well above the long term trend.
As a result of our investment many key projects will be able to proceed over the period. They include:”
• The new police and fire service training centre
• The Altnagelvin Hospital radiotherapy centre
• The sports stadiums
• The water and sewerage network upgrades.
