Oireachtas Joint and Select Committees

Wednesday, 10 July 2024

Committee on Budgetary Oversight

Summer Economic Statement: Discussion

5:30 pm

Photo of Paschal DonohoePaschal Donohoe (Dublin Central, Fine Gael) | Oireachtas source

It is reasonable that if projects are costing an awful lot more than anybody was anticipating then there will be an effect on our ability to deliver those projects. It is not an unreasonable point to make if the cost of delivering a project has significantly increased. In the past two years in particular that increase has been for reasons that are beyond the control of nearly anybody in this economy. If the costs go up of course it does have an effect on our ability to deliver projects in the way we would have wanted. That is just a general point. Even with that issue, capital expenditure in transport up to June was massively up versus where it was a year ago, which shows to me the efforts that have been made to maintain the delivery of projects despite the fact the cost of them has increased.

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