Oireachtas Joint and Select Committees
Wednesday, 29 March 2023
Joint Committee on Tourism, Culture, Arts, Sport And Media
Challenges Facing Providers of Tourist Accommodation in Ireland: Discussion
Mr. Paul Kelly:
With regard to capital projects, the issue of inflation is obviously a major one for all capital projects across the State and internationally. We have an instance where it is all about burden-sharing between the supplier and the State in terms of buying it. There are government guidelines in that area we are following, Within the funding of government, we have engaged proactively if there is an increase in a project cost, we generally take the approach that if we were due to fund 12.5% of a project at the outset, our 12.5% will go up along with the local authority funding and our rural regeneration development fund funding. It is about sharing any increase in costs in line with the percentage of funding and we are certainly open to that.
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