Government of Ireland: Rail Focussed Transport Pipeline and Funding Outlook
January 12, 2023
Government of Ireland: Rail Focussed Transport Pipeline and Funding OutlookJanuary 12, 2023 Budgetary allocation for transportIn Autumn 2022, the Government of Ireland announced the allocation of €3.51bn to the Department of Transport (DoT) in the budget for the next year. This includes €1.9bn for greener and cleaner transport, sustainable mobility, greenways and a carbon reduction programme to ensure that public transport remains cheaper for commuters throughout the year. This announcement incrementally follows on from the €35 billion investment package for the national transport system which was provided for in 2021, as part of the Government’s revised National Development Plan (NDP). Sustainable mobility is a core objective of Project Ireland 2040, with the National Investment Framework for Transport (NIFTI) prioritising investment not only in decarbonisation but also mobility of services, goods and regional connectivity. Announced in December 2021 by the DoT, NIFTI sets out clear principles for the consideration of future transport investment and is closely aligned with key Government policy priorities and commitments, such as the Climate Action Plan and the NDP. It establishes four strategic investment priorities to address future transport challenges, which have equal weighting in the framework and include Decarbonisation, Protection and Renewal, Mobility of People and Goods in Urban Areas, and Enhanced Regional and Rural Connectivity. Scope of funding for infrastructure projects including rail enhancementsThe 2022 budgetary allocation funding primarily covers:
Notable rail enhancements targeted include:
Investment in rail infrastructureAdditionally, IE supported by the NTA, and funded under Project Ireland 2040, is investing in trains, infrastructure, stations and improvements in customer service. Such investment is also intended to support the national Climate Action Plan and includes:
More recently, in November 2022, IE has specifically received approval from the Government for the procurement of 90 new battery-electric train carriages, under a procurement framework for new train carriages in a contract valued at €179m. The Irish rail system is anticipated to receive the new train carriages in 2026, which are expected to significantly improve Ireland’s rail transport capacity, including the expansion of the DART system and the wider Dart+ Programme. Comprising of 18 modern five-carriage battery-electric multiple units (BEMUs), the procurement will be financed by the Department of Transport through the NTA. Concluding remarks Transport, specifically a robust and modernised rail network, is key to Ireland’s future development and sustainability. The budgetary allocation for transport referred to above will facilitate the development of more accessible, greener infrastructure across the country and ensure that Ireland moves closer to achieving reduction of its greenhouse gas emissions by 51% by 2030 and becoming a climate neutral nation by no later than 2050. Latest InsightsLatest News
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