Colm Burke (Cork North-Central, Fine Gael) | Oireachtas source

Can we get a timeframe for when the study will come from the OPW to the Department of public expenditure? When will we have a consultation? Have we a guideline? Will it be in three, six or 12 months' time? I fully understand the Department has to be extremely careful because it was a judicial review. However, we now have a situation where an area on the northside of the city is totally at a standstill. People cannot even get money to refurbish many old properties because the banks will not give out money where they cannot get insurance for flood relief. When there was flooding there previously, a lot of damage was caused to properties, so the financial institutions will not risk giving out money again. If people want to sell a property, they are at standstill. I know of a number of sales that collapsed because the people buying who were borrowing money could not get insurance and the banks said they were not prepared to give them the loans they required.

See this speech in context