Oireachtas Joint and Select Committees
Thursday, 19 October 2023
Public Accounts Committee
Children’s Health Ireland and National Paediatric Hospital Development Board: Discussion
9:30 am
Brian Stanley (Laois-Offaly, Sinn Fein)
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On costs, we are now looking at this project running until January 2026. A figure €2.5 billion was mentioned, but it is safe to say, at this stage, it will go over €2 billion. That is as far as we will go for now. The original budget was €900 million. This increased to €1.433 billion in 2018. There is now a request for more. Mr. Tierney said he cannot state the figure because he would obviously be giving the game away in terms of the public interest. What was the highest level of inflation as regards a section of the project? There were reports of in excess of 20% at times. As I understand it, construction inflation is normally in the region of 4% but that obviously changes-----