Arthur Cox and KPMG are pleased to provide this Submission identifying key specific recommendations designed to accelerate the National Development Plan.
Arthur Cox and KPMG as legal and financial advisers respectively have advised the State, funders and investors on infrastructure development in Ireland for many, many years, across a broad range of sectors and based on a wide variety of financing models. KPMG is also part of an extensive global network which enables us to stay at the forefront of emerging trends and best practice in infrastructure development across the globe.
Given our respective practices and client base, we clearly recognise that effective and efficient capital infrastructure is key to driving economic growth. In that context it is very encouraging to see the intent to focus in the Programme for Government on an investment-led recovery, prioritising investment in capital spending. We also recognise that moving that intent into shovel ready projects can be slow, for many reasons. However, we do believe there are bottlenecks in key sectors that are stalling the pace of development unnecessarily.
We have combined our extensive experience and expertise therefore to identify specific practical measures capable of early adoption. Quick wins in effect, that could be implemented now and importantly prior to the formal review of the National Development Plan planned for October. It is not intended to be a policy document or to reinforce understood concepts. Rather it identifies a number of measures that are relatively easily implementable to unblock certain capital projects immediately in some sectors whilst others work through the necessary development lifecycle.