European and National Funding
TII receives funding from multiple European and national sources to support our transport infrastructure projects.
Cohesion Fund 2021 to 2027
The Maastricht Treaty provides that Cohesion Funding should be granted to Member States with a per capita GNP of less than 90% of the Community average to assist the national programme aimed at achieving economic convergence. Funding is being provided under:
- European Regional Development Fund.
- European Social Fund Plus.
- European Territorial Cooperation.
- European Just Transition Fund.
Connecting Europe Facility (CEF) Funding
CEF Funding supports the upgrade and improvement of Transport Infrastructure and systems on the Core and Comprehensive Network (TEN-T Network).
Submissions can be made for funding in response to annual funding calls. TII and a number of local authorities have been successful in several applications in recent years.
National Development Plan (NDP) 2021-2030
The NDP 2021 to 2030 set out the ten-year major public investment approved by the Government for the period of the plan. The plan provides for a €165 billion capital ceiling to support economic, social, cultural and environmental developments across Ireland.
€35 billion is planned to be invested in the transport system, which will transform how people travel and halve Ireland's greenhouse gas emissions by 2030. Public transport is allocated €12 billion in capital funding, with national roads projects allocated €5.1 billion, local and regional roads allocated €675 million, and walking and cycling infrastructure receiving €4 billion.
This funding is further divided into two five-year periods, with the funding for transport investment being heavily weighted to the second five-year period, i.e., 2026 to 2030. The NDP also provides for a mid-term review in 2025.
A key priority will be to maintain the existing National Road Network to a robust and safe standard and a significant percentage of national roads expenditure over the course of this NDP will relate to operating, protecting and renewing existing assets and maintaining the value of these assets.
The national roads programme will also seek to support NSO 1: Compact Growth through targeted investments in by-passes of regional town centres and key growth centres, enabling the rejuvenation and revitalisation of urban centres in line with the principles of the new ‘Towns Centres First’ policy”.
The plan identifies three major continuing construction during the period; two of these projects are now complete, and the N5 Ballaghaderreen to Scramoge is progressing on site. A further list of 31 named major projects are planned to progress.