Oireachtas Joint and Select Committees

Thursday, 3 February 2022

Public Accounts Committee

Transport Infrastructure Ireland: Financial Statements 2020

9:30 am

Mr. Peter Walsh:

We may be mixing up two things. An allocation is given to a project at the beginning of a year but depending on the progress that can be made during the year it may end up as a different number. It could be more, or it could be less. If significant progress is made, if we have a good summer for instance, more money will be spent on that project. For that reason additional funding was provided to Ballyvourney-Macroom during 2021 and Dunkettle because more progress was made than originally forecast. However the overall project for the project is determined at the beginning of the approval to enter into the contract and that remains unchanged. We are within that budget for both projects.

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