IBEC: Infrastructure stimulus 'an important first step'
IBEC have said that the announcement by Government of funding for infrastructure projects is an important first step in helping to restore domestic demand in the Irish economy.
The group also said that the importance of Public Private Partnership (PPPs) in the package also highlights the significant improvement in how international investors see Ireland's growth prospects.
IBEC Director General, Danny McCoy, said: "Government has taken an innovative approach to funding important infrastructure projects that will help underpin Ireland's growth potential.
"The fact that PPPs are such an important part of this stimulus package is a real vote of confidence for the Irish economy. "
He said that the message is "clearly getting out there" to international markets that Ireland remains "a sound investment location" for long-term infrastructure projects.
Mr McCoy said: "This stimulus package is a step in the right direction in restoring domestic demand in the Irish economy but Government will need to unveil a more comprehensive growth package to seriously tackle the problems in the domestic economy and get it back on its feet."
IBEC will be launching a major growth plan tomorrow which t hey say will provide an "innovative non-Exchequer funded" package of measures for the whole economy.
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