Oireachtas Joint and Select Committees

Thursday, 26 July 2018

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach

Public Private Partnerships - Liquidation of the Carillion Group: National Development Finance Agency and the Department of Public Expenditure and Reform

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11:00 am

Mr. Gerard Cahillane:

No, unfortunately the construction industry is a high-risk and low-margin industry, particularly in Ireland and the UK, where the average margins are approximately 1.5%, while in Europe it is approximately 5%. It is a high-risk industry and it could happen again.

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