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McGuinness welcomes $30 million investement in the North of Ireland

16 March, 2009

Deputy First Minister Martin McGuinness was in New York today to participate in the announcement a $30million investment project by New York State Comptroller, Thomas Di Napoli.

Speaking at the announcement which was made in the Comptroller’s Offices in New York, Mr McGuinness said: “The Emerging Europe Fund will provide a total of $100million of which $30million has been earmarked for projects in the North of Ireland.”

“I am delighted to welcome the establishment of this fund, which is a tremendous endorsement of the peace process, by Comptroller Di Napoli.

“The fact that the fund is to earmark over a third of its total assets towards projects in the North is particularly pleasing and I would hope that this will signal merely the start of even bigger and better things to come.

“This investment represents the ordinary people of New York State making an investment in the ordinary people of the North of Ireland and is designed to tackle deprivation and generate wealth for investors and communities alike.

“I was pleased last year during the Investment Conference, to host Comptroller Di Napoli on a visit to Derry.

“The Comptroller has targeted these funds to areas of long term disadvantage. This is recognition that these are areas of opportunity. It is also recognition that everyone must have a stake in the future and a role in developing peace.

“Coming as it does in the midst of such challenging economic times, it will be welcome news indeed for private companies who are seeking investment to provide growth potential.

“As myself and the First Minister near the end of our visit to the United States, it is especially welcome that we have such a concrete positive announcement but I am hopeful, and indeed confident, that it will not be the only positive news to emerge as the result of our visit here.”

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