independent

Wednesday 26 July 2017

Early delivery of Metro has the potential to deliver 50,000 jobs to Fingal says Reilly

Metro has potential to deliver 50,000 jobs to Fingal
Metro has potential to deliver 50,000 jobs to Fingal

An early Metro delivery has the potential to deliver 50,000 jobs to the region, according to a Fingal senator.

Senator James Reilly welcomed 'confirmation from Minister Pascal Donohue today that the Government will positively consider bringing forward the delivery of Metro North To Fingal and North Dublin'.

Senator Reilly said: 'A study by reputable Economic Consultants in 2008 forecast Metro North could deliver 37,000 to Fingal. It's my opinion now in 2017, Metro North would deliver more than 37,000 jobs - possibly north of 50,000 Jobs -if the key strategic land bank at Dublin Airport was developed with connectivity to Dublin City and connectivity north to Swords.'

The Fingal senator added: 'Now is the time to be bold and invest in this area (Fingal), which has the capital airport of Ireland and is very attractive to Foreign Direct Investors as a base for Europe and Brexit companies from the UK seeking a new base to continue their business operations in Europe. Brexit offers a key opportunity for Ireland to make a case for derogation and mitigation measures in the transition period to help Ireland alleviate the negative economic consequences of Brexit.

'What that means in plain English is Ireland as part of its negotiating strategy must seek exemptions, derogations from the current strait jacket fiscal controls imposed by the EU and agree extra capital investment in commercial projects like Metro North, motorways, and social investment in hospitals, schools and housing to drive new economic activity into Ireland and Fingal.

'There are precedents for measures like this, for example when Germany was reunited special transition measures, mitigation measures, exemptions and investment were put in place over a period of time to assist East Germany to adapt to the new economic reality.'

He concluded: 'Fingal has a great future if the right investment is made now -build Metro now and the jobs will come.'

Fingal Independent

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