Tag Archives: Anglo Irish Bank

From the Dáil

Questions – Northern Ireland Issues, Dáil Éireann Debate Vol. 729 No 2 Unrevised

Deputy Gerry Adams:

[…] The Taoiseach might update us on other flagship projects such as the Ulster Canal — at least, it was described as a flagship project at the time it was launched. […]

The Taoiseach:

[…] A number of issues were identified which clearly, from any political point of view, would be of interest and benefit to the infrastructure and the economies North and South. The Deputy mentioned some which have been under discussion for a long time. Were we not obliged to pay €3 billion to Anglo Irish Bank for the next ten years, it would be great to be able to tell the Deputy that the Government could now deal with the Ulster Canal or a number of other issues. Unfortunately, that is not the way it is at present. Consequently, from that perspective the Government will continue to commit itself to working diligently in the interests of the development of the economies North and South and, in consequence, of the entire island. […]

[…] Deputy Adams knows we could deal with the Ulster Canal and many other issues in the north west and elsewhere in the country if we did not have this imposition and burden, but that is a fact of life. […]

[Emphasis mine]

Northern Sound News Details Jul 07 2011

[…] The Project Co-Ordinator for the regeneration of the Ulster Canal says he is not concerned about the funding issue. Gerry Darby says he is still confident that the Ulster Canal regeneration is on track.

What is the basis for that confidence?