Oireachtas Joint and Select Committees
Wednesday, 12 June 2024
Committee on Budgetary Oversight
Infrastructure Guidelines: Department of Public Expenditure, National Development Plan Delivery and Reform
Mr. Kevin Meaney:
First, the changes are still relatively new. In terms of the major projects, it will take a bit of time for those types of projects to come through, so we will have a good evidence base from multiple projects. From initial indications, the intention is that it makes the process more streamlined and simpler. For projects between €100 million and €200 million, the process for approval does not have to go through so many external review steps to be approved in the sector. When we spoke on this previously, we identified a couple of points where there would possibly be between three and four months of savings for projects that now would be below the threshold, and for major projects that do not have to go through the review process a second time. That could potentially speed up the process by between three and eight months depending on the nature of the project.
No comments