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The economy and Transport 21

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  • 16-06-2006 1:34pm
    #1
    Navan Junction
    Closed Accounts Posts: 721 ✭✭✭


    Could an economic dip cause drastic changes to Transport 21?

    Just a sobering thought..
    ______________________________________________
    [ireland.com] Sharp fall in exports to hit GNP
    16.06.2006

    Ireland's trade position deteriorated in April due to a sharp fall in exports which could translate into weaker growth for the economy, new figures show.

    External trade data for April released by the Central Statistics Office shows that exports dropped 11 per cent in value compared with April 2005, while imports were 8 per cent lower.

    Economists blamed the weak export performance on the loss of competitiveness after many years of inflation in wages and other business costs.

    In volume terms exports rose only 3 per cent in the first quarter of the year while imports soared 13 per cent due to strong growth in consumer spending and business investment.

    According to Rossa White, economist with Davy stockbrokers the weak data will have an negative impact on economic growth.

    "No data are yet available for services but we reckon the drag from net trade will amount to at least two percentage points on GNP," Mr White said in a research note today.

    As a result of the anaemic trade figures GNP is unlikely to exceeded 5.5 per cent in the first quarter. National Accounts data for the first quarter are due out in two weeks.

    © The Irish Times/ireland.com


Comments

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    #2
    MarkoP11
    Closed Accounts Posts: 1,331 ✭✭✭MarkoP11


    To be honest despite all the hype the scale of funding in T21 is small and represents very little increase over previous years, 34.4 billion is actually over the next 32 years, since the Metro will be paid for over 25 years from 2012, and its a big chunk of the total


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    #3
    Navan Junction
    Closed Accounts Posts: 721 ✭✭✭Navan Junction


    MarkoP11 wrote:
    since the Metro will be paid for over 25 years from 2012,
    Go through that for me, will you?! Didn't know that..


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    #4
    Winters
    Registered Users Posts: 14,761 ✭✭✭✭Winters


    Transport 21 is not so much an increase in funding rather its just a long term plan that has actually given the respective agencies permission to plan ahead. Before T21 there was PFC but that had no funding attached. Pie in the sky at that stage.

    T21 is a nit pick of PFC and is not really engineering plan but rather a financial one.

    I would hope to think that it is robust enough to take in an dips etc.

    Metro North is a DBFM + O

    An outside 'group' shall Design, Build, Fund, and Maintain the project for 25 years and be paid by the state to do so. Simple as.

    An operator shall be chosen to operate like Luas/Veolia.


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    #5
    shltter
    Closed Accounts Posts: 1,841 ✭✭✭shltter


    Navan Junction wrote:
    Could an economic dip cause drastic changes to Transport 21?

    Maybe he might not be able to pay for his broadband connection and he would not be able to post here anymore.


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    #6
    BendiBus
    Closed Accounts Posts: 2,075 ✭✭✭BendiBus


    shltter wrote:
    Maybe he might not be able to pay for his broadband connection and he would not be able to post here anymore.

    But CIE staff should be safe enough :p


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    #7
    Navan Junction
    Closed Accounts Posts: 721 ✭✭✭Navan Junction


    shltter wrote:
    Maybe he might not be able to pay for his broadband connection and he would not be able to post here anymore.
    Not quite what I meant..:)


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