The Taoiseach says 30,000 new jobs will be created every year as the Government rolls out its €39 billion revised capital infrastructure programme.
Under the plan major parts of the decentralisation programme are being put on hold.
While 2 major rail projects – the Dublin to Navan link and the Claremorris to Tuam line which is part of the Western Rail Corridor – are also being rescheduled.
However the plan will fund the move by Dublin Institute of Technology (DIT) to a new site at Grangegorman and will allow for the construction of Metro North.
The Taoiseach says the focus has been put on the most labour intensive parts of the programme.
“On the employment content…we estimate 30,000 jobs per year are created by the implementation of this programme” he said.
“So if you’re looking at 4.5 billion per year, you’re talking in a region of…..a 30,000 impact in employment terms per year” he added.
The Taoiseach also said the plan will help to reposition the economy for growth.
“This investment programme is all about jobs and a sustainable economic future for our children” he said.
“We’ve identified those areas which will make the greatest contribution to improve competitiveness, to productivity growth and to job creation”.
“We’re focusing on investments which will help create sustainable jobs, by shifting resources to areas which will help Irish companies grow and will also attract more foreign investment” he added.
