Oireachtas Joint and Select Committees

Wednesday, 25 June 2025

Committee on Infrastructure and National Development Plan Delivery

IBEC Report on Infrastructure Ambition for a Competitive, Productive and Resilient Economy: Discussion

2:00 am

Mr. Gerard Brady:

It is. It is a global trend as well. We see fewer decisions being made on projects globally, which means that where there are projects there are potentially more people interested in delivering them and available to deliver them. We have seen a decade in which interest rates were effectively zero for the first time in human history and a huge number of private projects were built. That has slowed a small bit, mainly because of interest rates but also because of the global economy. It gives a chance for not only more capacity for delivery but also better value for money in delivery over the next decade, but it needs that pipeline certainty to be able to attract it, as Mr. Sweeney said, and to get more bidders into the process to be able to get best value.

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