Radical NewERA plan launched
€18bn Invested by NewERA over 4 Years will Make Ireland Competitive Again While Creating Over 100,000 Jobs
The Fine Gael Leader, Enda Kenny T.D., today unveiled a detailed plan to transform the Irish economy through €18bn worth of investment in broadband, green energy and water networks over a four year period that would reposition the Irish economy for the 21st century while creating 105,000 new jobs in that period. The Report’s author, Simon Coveney T.D. said that the plan represented the single greatest transformation of our economy and our commercial semi state sector in over 50 years.
Commenting on the plan, the Fine Gael Leader said;
“Fine Gael has a radical plan to transform our economy, make it competitive again and to get our people back to work. This plan is part of a wider set of proposals that we as a Party are going to put to the electorate at the next election. We want to transform our political system by reducing the number of Oireachtas members by 1/3rd and we want to introduce the hugely successful Dutch universal health care system to replace our failed
FF/
PD health system. Key to our radical change proposals for the country is our plan to transform our economy through NewERA.
“This plan will invest €18 billion over four years in making our broadband network among the top five in the world, in turning us in to a net energy exporter by 2030 with 50% of our energy coming from renewable sources by 2020 and in overhauling our water networks and infrastructure so that we have a system that is fit for the 21st century, not the 19th.
Commenting on the plan, Simon Coveney said;
“NewERA represents the single largest transformation of our semi state sector in over 50 years. We intend swapping old state companies for new ones that can position our economy for the competitiveness challenges of the 21st century. There is no longer a need for the state to own and run Bord Gais, ESB International and ESB Power Gen & Supply. Fine Gael will divest the state of these assets when the market and other conditions are appropriate and use the funds raised to re-invest in new 21st Century infrastructure.
“We will finance this investment programme for NewERA through new commercial borrowing by semi states, funding from the EIB, an injection of funds by the NPRF and a NewERA recovery bond that will be offered to all the Irish people.
“This plan is transformational in its nature. Fine Gael is unapologetic about that. If we want to have the type of modern, dynamic and competitive economy that can create and sustain jobs NewERA is exactly the type of plan that the country needs. In Government Fine Gael will deliver this plan.”