Corporate tax surplus to fund major transport and energy projects, says Taoiseach Leo Varadkar

Government has agreed to create a multi-billion euro Future Infrastructure Fund aimed to have a “counter cyclical” effect on development

Taoiseach Leo Varadkar has for the first time confirmed plans for how the corporation tax surplus will be spent by the government on two new funds.

The government has agreed to create a new Future Infrastructure Fund aimed to have a “counter cyclical” effect on development of major transport and energy projects in Ireland in the event of a downturn. Speaking at the Construction Industry Federation Conference, Varadkar did not specify how much of the ...

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