Dáil Éireann Debate, Tuesday - 25 March 2025
478. Deputy Michael Murphy asked the Minister for Housing, Local Government and Heritage for an update on the establishment of the new town and cities infrastructure investment fund, specifically a timeline for the launch of this fund as a replacement for the urban regeneration and development fund. [14214/25]
View answerA flagship element of Project Ireland 2040, the €2 billion Urban Regeneration and Development Fund (URDF) supports a programme of significant transformational capital projects that will contribute to the regeneration and rejuvenation of Ireland’s cities and other large towns, in line with the objectives of the National Planning Framework and the National Development Plan.
As set out in the Programme for Government, it is my intention to continue and expand URDF-type investment in projects as part of the new Towns and Cities Infrastructure Investment Fund. This will allow for investment in infrastructure, the acquisition of land, assembly of sites and the de-risking of sites in existing towns and cities to maximise their potential growth.
The detailed arrangements for the implementation of these funding streams will be clarified further following completion of the National Development Plan Review, which will enable the level of additional capital funding for infrastructure investment to be determined.
