Oireachtas Joint and Select Committees

Thursday, 27 October 2022

Public Accounts Committee

Business of Committee

9:30 am

Photo of Colm BurkeColm Burke (Cork North Central, Fine Gael)
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I have dealt with building contractors in relation to the project in Canada. It was interesting that they had decided the project was going to take so much time and had actually built in 15% increased costs per annum as the project was developing. They started their project in 2019 and it was a five year project. The 15% increase per annum was a huge increase. The project is also a children's hospital. It is costing 3.6 billion Canadian dollars. We are very lucky that we have got the main infrastructure built now and the question now is trying to control costs at this stage.