A New Era for Ireland

4th January, 2010

New Era

€18bn Invested by NewERA over 4 Years will Make Ireland Competitive Again While Creating Over 100,000 Jobs

This plan will invest €18 billion over four years in making our broadband network among the top five in the world, in turning us in to a net energy exporter by 2030 with 50% of our energy coming from renewable sources by 2020 and in overhauling our water networks and infrastructure so that we have a system that is fit for the 21st century, not the 19th.

NewERA represents the single largest transformation of our semi state sector in over 50 years. We intend swapping old state companies for new ones that can position our economy for the competitiveness challenges of the 21st century. There is no longer a need for the state to own and run Bord Gais, ESB International and ESB Power Gen & Supply. Fine Gael will divest the state of these assets when the market and other conditions are appropriate and use the funds raised to re-invest in new 21st Century infrastructure.

I know that these are the new ideas and thinking that are crucial for creating jobs and economic security for our country.

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