30 year Irish bonds issued at very low rates

Pete_Cavan

You also have to consider the fact that part of the annual deficit is a subvention paid to CIE. Rather than simply continuing to prop up the company, we would be better of making a substantial investment in DU in order to try bring the company to profitability. That way the extra debt repayments balance out by the reduction in the subvention being paid.

donegal.

i'd like to see at least 1cent spent in donegal, but i can almost guarantee it won't

bk

donegal. wrote: »

i'd like to see at least 1cent spent in donegal, but i can almost guarantee it won't

Donegal, like every other county in Ireland, with the exception of Cork and Dublin, gets more tax money spent on it, then is raised in the county!

The problem is Donegal is so low density, with so few large urban centers, that the money that is spent on it has to be spread around the whole county. Which means there in only enough for not more then pothole filling.

This is just the unfortunate reality of low density rural places. If you want high quality infrastructure, then you need high population density.

dubhthach

Of course with cancellation of A5 the NRA also stopped working on new road's in Donegal that were suppose to link into the A5.

ardmacha

bk wrote: »

Donegal, like every other county in Ireland, with the exception of Cork and Dublin, gets more tax money spent on it, then is raised in the county!

The problem is Donegal is so low density, with so few large urban centers, that the money that is spent on it has to be spread around the whole county. Which means there in only enough for not more then pothole filling.

This is just the unfortunate reality of low density rural places. If you want high quality infrastructure, then you need high population density.

The distinctive problem of Donegal is an unjust partition of the country, something the present government has done feck all to alleviate.

plodder

L1011 wrote: »

We were actually slowly reducing the actual (rather than debt:GNP ratio) amount over time, and its pretty much a given that we'll have to again in some level based on how high it has got.

I think the absolute debt level was stable. It didn't increase between 1995 and 2005, but it didn't drop either. The following year it dropped all right, only to take off in 2007.

loyatemu

ardmacha wrote: »

The distinctive problem of Donegal is an unjust partition of the country, something the present government has done feck all to alleviate.

maybe we could issue some 30 year war bonds and forcibly retake the north?

Victor

ardmacha wrote: »

The distinctive problem of Donegal is an unjust partition of the country, something the present government has done feck all to alleviate.

Let's not go there.

Moderator

Bob24

Geuze wrote: »

Surely what we need is a train from DUB airport, not a metro.

What I mean is: don't mix plane pax with commuters.

Or build the line, but offer a mix of services, some direct, non-stop, other stopping.

Absolutely agreed. Maybe 2 stops in the city centre to ensure direct connections with both LUAS lines, the DART and as many bus routes as possible, and then straight to the airport. If it is going to stop at many stations on the way and take as long or longer than the Aircoach/Airlink, not too sure how helpful it will be. Also direct links are safer and reduce the risk of tourists/travellers being targets of crime when they are tired and/or arrive in a country they are not familiar with (have heard a number of stories of people getting robbed on the RER from Paris to CDG airport).

hfallada

Bob24 wrote: »

Absolutely agreed. Maybe 2 stops in the city centre to ensure direct connections with both LUAS lines, the DART and as many bus routes as possible, and then straight to the airport. If it is going to stop at many stations on the way and take as long or longer than the Aircoach/Airlink, not too sure how helpful it will be. Also direct links are safer and reduce the risk of tourists/travellers being targets of crime when they are tired and/or arrive in a country they are not familiar with (have heard a number of stories of people getting robbed on the RER from Paris to CDG airport).

But the Metro is to link DCU and St.Pats with the city. Also links with the commuter train in Drumcondra. Will link Croke Park with city. It will happen to pass through some of the most dense parts of the city, which are extremely heavily congested at the moment. A Dart extension will do none of this. Plus the Dart is great when its running. It has an alarming amount of downtime for such an important transport network

Sheldons Brain

loyatemu wrote: »

maybe we could issue some 30 year war bonds and forcibly retake the north?

Perhaps not. But with some EU infrastructure projects going around, the A5 would be a good use of these.

OssianSmyth

Ireland has just borrowed six month money at negative rates for the first time ever.
http://www.ft.com/intl/fastft/294273/ireland-sells-negative-yield-bills-first-time

NTMA plans to issue up to €15bn of new debt this year. Corporate borrowing costs should fall with QE and the euro has already fallen against other currencies.

Will any of this translate into infrastructural investment? I'm not sure it will.

PPP seems like an expensive answer but at least this option is open again. The EIB's annual PPP report is out.

After spending 15yrs getting railway orders for DU and MN it seems a shame not to proceed with them.

Sam Russell

It would be good if they announced the MN and DU - even if they only said they would go ahead in the future.

hfallada

Sam Russell wrote: »

It would be good if they announced the MN and DU - even if they only said they would go ahead in the future.

Even if they borrowed at 1% for 30 years. Within a few years inflation will be higher than 1% and the interest cost will negligible. The whole point of QE is make borrowing so cheap for Governments, that they will start infrastructure projects and kick start the economy through the multiplier effect.

MayoSalmon

France just announced there government will seek boost investment with €3.2 billion going to work on motorways.

Coybib_com

In terms of a project that would change the landscape of the country for hundreds of years to come, I think the greatest legacy project would be a massive upgrade of the national rail service, with high speed inter city rail (Belfast -> Dublin; Galway -> Dublin; Cork -> Limerick -> Dublin), with the jewel in the crown being an Irish Sea Fixed Crossing tunnel from Dublin -> Hollyhead -> Birmingham -> London with total travel time 2.5 hours.

It would make every major city in Ireland be connected within the hour, with a short trip to London and even Dublin to Paris via rail in 5 hours. It would connect the country to the UK and continental Europe with a frequent rail service that would massively benefit not only the efficiency of the Irish economy (with natural de-centralisation due to practicality rather than Government enforcement, it would grow all regions on the island and see widespread investment), but it would open up accessibility to UK and European markets much more, and likewise open up the ease of access to Ireland from continental Europe.

It could be an economic game changer both domestically and internationally.

This rail network could also be the focal point around which city rail services grow from, for example a Swords -> Dublin airport -> city centre rail link, via high speed terminal in north dublin on M22. The infrastructure upgrade would be unprecedented and would be the focal point from which to grow other transport systems and even cities around.

Coybib_com

In terms of a project that would change the landscape of the country for hundreds of years to come, I think the greatest legacy project would be a massive upgrade of the national rail service, with high speed inter city rail (Belfast -> Dublin; Galway -> Dublin; Cork -> Limerick -> Dublin), with the jewel in the crown being an Irish Sea Fixed Crossing tunnel from Dublin -> Hollyhead -> Birmingham -> London with total travel time 2.5 hours.

It would make every major city in Ireland be connected within the hour, with a short trip to London and even Dublin to Paris via rail in 5 hours. It would connect the country to the UK and continental Europe with a frequent rail service that would massively benefit not only the efficiency of the Irish economy (with natural de-centralisation due to practicality rather than Government enforcement, it would grow all regions on the island and see widespread investment), but it would open up accessibility to UK and European markets much more, and likewise open up the ease of access to Ireland from continental Europe.

It could be an economic game changer both domestically and internationally.

This rail network could also be the focal point around which city rail services grow from, for example a Swords -> Dublin airport -> city centre rail link, via high speed terminal in north dublin on M22. The infrastructure upgrade would be unprecedented and would be the focal point from which to grow other transport systems and even cities around.

Due to the Belfast and Hollyhead on connections, I'm sure large chunks of the tunnel aspect could be contributed to by the UK Government and the main works on the island could be eligible for large scale E.U. funding given how significant a project it would be not just for Ireland, but for the connectivity of the E.U. as a whole.