Lotto sale to fund children's hospital, a training centre, roads and more

Proceeds from the sale will fund a €200 million capital investment scheme, says Brendan Howlin.

THE €400 MILLION raised from the sale of the National Lottery will go towards the new children’s hospital and a host of capital investments.

Half of the proceeds will go towards the new hospital on the Mater Hospital site, while half will go to what Public Expenditure Minister Brendan Howlin called “local economic activity and job creation”.

These included:

Road maintenance and repair works
A new round of Sports Capital Grants
The building of a new National Indoor Training Arena at the National Sports Campus
The Better Energy Programme
Housing Adaptation Grants for elderly or disabled people
The National City of Culture Initiative
A “large-scale, multi-functional” events centre in Cork
The Wild Atlantic Way Driving Route

and

A number of 1916 commemorative projects

Howlin said that the allocations would be included in the revised government figures for 2014.

He said that further sales of State assets would hopefully make more money available for capital projects in 2014.

Read: LIVEBLOG: Budget 2014 as it happens

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