Oireachtas Joint and Select Committees

Wednesday, 15 April 2015

Joint Oireachtas Committee on Finance, Public Expenditure and Reform

Flood Risk Insurance Cover: Discussion

12:00 pm

Mr. Tony Smyth:

I would like to comment on the money end. The correct figure for that long period is €28 million a year. It must be borne in mind that this figure has been ramping up, as I pointed out earlier. The average spend over the last three years has been €47 million per annum. We have been building it up and bringing more and more schemes to fruition. That is just the capital expenditure. We also do maintenance separately. It is accounted for separately. There are other costs. The overall spend on flood risk management by the OPW is not €45 million. I would have to look at the Estimates volume, but I think that a more correct figure when all things are taken into account on the OPW side would be €65 million per annum. We spoke earlier about drainage districts. There is an expenditure by local authorities on drainage districts as well. Separately, there is an expenditure on the urban drainage network, which is the responsibility of the local authorities rather than the responsibility of the OPW. There would be further expenditure there. I do not have those figures. They would be provided by the Department of the Environment, Community and Local Government or by the local authorities.