And now it's back to the usual political auction of who can spend the most
Size matters; especially when it comes to public infrastructure. Across the water, they have just announced a £38bn (€51bn) programme to electrify rail lines through the midlands of England and across the Pennines. That's about the same as the entire six-year capital programme announced by the Government this week.
There are what the experts call "economies of scale" in things like roads, railways and ports. A small country has to be extra-careful about where it chooses to invest public capital and extra-efficient about getting value for the money.
Sad to say, this has not been the case in the past. Reactions to the new €40bn programme largely reflect doubts based on previous experience.