Oireachtas Joint and Select Committees
Tuesday, 28 June 2022
Joint Oireachtas Committee on Housing, Planning and Local Government
Inflationary Costs in the Construction Industry: Discussion
Mr. Pat Doyle:
Local authorities do not have a sinking fund. In 30 years’ time, if they decide to retrofit their housing units and replace all the windows in a scheme in Finglas South, they apply to central Government to do that and they get that. We have to have the windows replaced in 25 years and the heaters in 15. Therefore, we have to have that sinking fund or the regulator will come after us.