Oireachtas Joint and Select Committees
Thursday, 3 February 2022
Public Accounts Committee
Transport Infrastructure Ireland: Financial Statements 2020
9:30 am
Mr. Peter Walsh:
It is incumbent on me to give the Deputy my honest opinion as to the durations the various elements of a project of that scale and complexity will take. The approach we have taken and put in the business case that is with the Government, in terms of, say, cost forecasting around it, is as comprehensive as we can bring to it. We engaged in a reference class forecasting exercise for the project, engaging with Oxford Global Projects, to give the Government the best understanding of what the cost forecast might be. We have engaged with the construction methodology to the extent of having a good understanding of that construction period. People are entering this with their eyes open.
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