The Government believes Project Ireland 2040 will ensure that Longford and its economy will prosper as consequence
Project Ireland 2040 is the Government’s overarching policy initiative to make Ireland a better country for all of us, a country that reflects the best of who we are and what we aspire to be.
Project Ireland 2040 is the strategic policy and planning framework for the social, economic and cultural development of our country. It includes a detailed investment plan for the period 2018 to 2027.
By 2040, we expect that an additional one million people will live in Ireland and an additional two-thirds of a million people will work here.
These are significant increases: more people will be travelling to work, school and universities, more buildings will be needed to accommodate them, clean water will be needed for homes, farms and industry, more and better care facilities will be required for the elderly.
Without effective planning, growth will be haphazard and uneven. Without the required infrastructure, our potential for economic growth will stall.
Project Ireland 2040 aims to secure balanced economic growth and social progress on a regional basis and between urban and rural Ireland.
There are ten interconnecting Strands in this Plan, each of which is built around the overarching themes of wellbeing, equality and opportunity:
1 Compact Growth
2 Enhanced Regional Accessibility
3 Strengthened Rural Economies and Communities
4 Sustainable Mobility
5 A Strong Economy, supported by Enterprise, Innovation and Skills
6 High-Quality International Connectivity
7 Enhanced Amenity and Heritage
8 Transition to a Low Carbon and Climate Resilient Society
9 Sustainable Management of Water and other Environmental Resources
10 Access to Quality Childcare, Education and Health Services
FUNDING THE INVESTMENT
Project Ireland 2040 involves investment in infrastructure of almost €116 billion in the ten years to 2027.
This combines €91 billion directly from the Exchequer, as well as nearly €25 billion by State-owned commercial companies.
Public capital investment will therefore move from relatively low levels in recent years as a result of the economic crisis, to being amongst the highest in the EU (as a percentage of national income).
This will allow us respond to the obvious deficits in our infrastructure, as well as the needs of a fast-growing population.
This increased investment is being done in a prudent and measured way. It takes account of the external uncertainties facing the Irish economy, as well as the risks of overheating.