Oireachtas Joint and Select Committees

Thursday, 11 November 2021

Public Accounts Committee

Business of Committee

9:30 am

Photo of Matt CarthyMatt Carthy (Cavan-Monaghan, Sinn Fein) | Oireachtas source

In respect of the issues pertaining to the impact of construction inflation on the cost of the project, I agree with Deputy Catherine Murphy that we need to get an analysis of what that is going to mean in 2022. I note that today EUROSTAT has indicated that Irish price inflation is set to breach 5% for the first time since the financial crash. Obviously, that is having a big impact on many things but it could also have a big impact on the Exchequer in regard to this project, which is already seeing the inflated costs which we have dealt with in detail. It is crucial that we get a breakdown from the Department on whether there will be a significant increase in cost as a result of that inflation rate. I request that we contact the Department on this in the first instance, as well as the board.

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