Dáil debates

Wednesday, 20 May 2020

Covid-19 (Finance): Statements

 

12:25 pm

Photo of John McGuinnessJohn McGuinness (Carlow-Kilkenny, Fianna Fail) | Oireachtas source

Yesterday we were told that the cost of construction in the housing sector would increase by €10,000 to €15,000 per unit, that the price of an apartment might rise by €20,000, and that the general cost of public projects currently under construction could rise by 40%. There are issues regarding the Covid-19 insurance and emerging issues out of claims under that insurance because of insurance companies not wanting to cover them. There is also the legal mess that may emerge because of the collapse of US and international funds. Will the Minister put together in his Department an immediate analysis of these issues, which were raised at the committee yesterday? Will the Minister provide the House with the information on how the State sees it? Will the Minister then put in place a mechanism to avoid the legal mess that can be created by claims and disputes with these State projects and contracts?

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