Oireachtas Joint and Select Committees

Thursday, 3 February 2022

Public Accounts Committee

Transport Infrastructure Ireland: Financial Statements 2020

9:30 am

Mr. Peter Walsh:

The thing to bear in mind is that the development of a project goes through a number of phases. If there is a commitment to funding in 2022, it is to carry the project on to the next phase of development, which has a higher bill associated with it. We are profiling to 2025, and the profile to 2025 will not allow us to progress to grand investigations, topographical surveys and the more expensive elements of the development. These are the ones that would potentially have to be done again. The expenditure that has been incurred to date on those two projects will be largely reusable. Some stuff cannot be reused but some stuff can. I appreciate the frustration.

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