Oireachtas Joint and Select Committees
Thursday, 7 November 2013
Public Accounts Committee
Bord na gCon - Annual Accounts 2011
11:10 am
Mr. Adrian Neilan:
No. I will help the Deputy to understand the figures. The collapse in the economy meant that no construction activity was under way. This led to cheaper construction costs for us. Had the economy continued growing, we would have received fill on a best efforts basis without needing to pay for it. When Sisk, the main contractor, came on site, its price reflected a buoyant economy. We would not have come in as much under budget as we did. The reduction in construction activity led to significant cost savings for the entire project. While we lost out on having free fill, we gained significantly from the decrease in construction costs.
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