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Adams meets Emerald Infrastructure on New York Investment

29 April, 2008


Sinn Féin west Belfast MP Gerry Adams has met with a representative from Emerald Infrastructure Development Fund LP.

Emerald has responsibility for investing the $150 million from 4 New York Pension Fund holders announced by the New York City Comptroller Bill Thompson several weeks ago.

The Comptrollers announcement marks the largest ever public investment from the United States in the north. It will primarily target projects in the alternative energy, waste management, property development and conventional energy sectors.

Other projects will involve public infrastructure, such as light rail, water and seaports and property ventures, including commercial, hospitality and retail developments.

Speaking after the meeting Mr. Adams said:

"This meeting was every useful. It provided Sinn Fein with an opportunity to hear at first hand from Emerald some of the specific type of projects and the detail around potential investment that they are looking at.

"It was also an opportunity for us to express our strongly held view that it is very important that inward investment is focused on prosperity and fairness; that it should be long term and aim to be sustainable, and it should seek to create jobs, particularly by investing in local indigenous businesses, and promote equality by investing in areas of social and economic disadvantage." ENDS

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