Oireachtas Joint and Select Committees

Wednesday, 21 May 2025

Committee on Infrastructure and National Development Plan Delivery

Large-scale Capital Projects: Discussion

2:00 am

Photo of Seán FlemingSeán Fleming (Laois, Fianna Fail)

When Mr. Moloney puts a price tag on a project today, is he giving us a price tag for the project to be completed this year or will it be a realistic assessment of inflation if it is a ten-year project and what is it expected to cost at the end? There is no point in starting with a figure based on 2025 prices when we know before we begin it will run until 2035. I suggest a plan that has an indication of both. There will be a gap in the plan if people do not know the figure by the time the project is expected to be delivered, taking inflation, including construction inflation, into account. The reason I say that is what damages public confidence in these projects is when the figure for a project is small at the start but eight years later it is multiples of that. Part of the problem is that people are not given a realistic estimate on day one. Does Mr. Moloney take that point?

Comments

No comments

Log in or join to post a public comment.