James O'Connor (Cork East, Fianna Fail) | Oireachtas source

I apologise that I had to remove myself from the room to ask a parliamentary question in the Dáil. I apologise to Deputy Carthy for walking in front of him. The witnesses are welcome. We have met a number of times. Mr. Walsh must be sick of me at this stage. We have many important things to talk about. On a positive note, it is important to acknowledge that many of the points I wanted to make around the finances of TII have in some degree been clarified. That has to be welcomed. I have a couple of points to make about the structuring of the organisation's finances, as a State agency. I strongly believe in seeing an end-of-year budget put in place to allow visibility of all the capital projects being undertaken, to see how much capital is being spent on those projects and to give us a clear idea of which projects are experiencing overruns. I am concerned at the enormous rise in construction inflation, which obviously has a knock-on impact on the work being done by TII and will affect current development plans that are in place. The issue of road construction is important to me. Are the current projects being undertaken, including the Dunkettle upgrade and the Macroom-Baile Bhuirne bypass, on budget? Are they over budget, based on expenditure over the past 12 months? How is that looking?