Oireachtas Joint and Select Committees
Tuesday, 8 July 2025
Committee on Budgetary Oversight
Engagement with the Central Bank of Ireland
2:00 am
Richard O'Donoghue (Limerick County, Independent Ireland Party)
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These are the three things. The Government does not address the issues at hand, which come up in all the different debates. It goes back to Irish Water because it is not able to deliver. We need developer-led infrastructure and then to hand it back to the government bodies to look after it.
We have to find a way, with the help of the economists here today. How do we change the system, so we can get developer-led infrastructure. There are other things we can do to design and deliver developer-led infrastructure and buildings, and we have people who will design and build the buildings. There cannot be any overrides when it comes to looking at the budgets afterwards. The children's hospital was designed by one crowd and built by the other. It allowed for extras upon extras, and then we are back to design. If there is a change in design it means a change in the parameters of the contract. If, however, one has a design that is developer-led, it creates a budget and it has come in on budget. If it does not do that, it is the case it agreed the design and agreed the budget. There can be movement, however, on the monetary side, according to the inflation costs on the materials. How can the witnesses help us to address that and push things forward?