Results 861-880 of 1,061 for speaker:Séamus McGrath
- Joint Oireachtas Committee on Housing, Local Government and Heritage: Challenges Relating to the Delivery of Housing: Discussion (Resumed) (27 May 2025)
Séamus McGrath: The key issue in that regard is that the capital is tied up for longer before the developer can start selling units. This leads to my next question about the cost of finance for developers. What is it typically in Ireland right now? I know it depends on bank lenders and others. If I run a development company and am looking for finance, what is the average rate at present?
- Joint Oireachtas Committee on Housing, Local Government and Heritage: Challenges Relating to the Delivery of Housing: Discussion (Resumed) (27 May 2025)
Séamus McGrath: Developers say it can be anything between 7% and 10%. Is that a ballpark reasonable estimate?
- Joint Oireachtas Committee on Housing, Local Government and Heritage: Challenges Relating to the Delivery of Housing: Discussion (Resumed) (27 May 2025)
Séamus McGrath: It is a high cost of borrowing. Going back to apartments, if the developer's money is going to be tied up for longer, it is a factor. Is there any way to drive that cost down?
- Joint Oireachtas Committee on Housing, Local Government and Heritage: Challenges Relating to the Delivery of Housing: Discussion (Resumed) (27 May 2025)
Séamus McGrath: I have question for the ESRI about labour constraints. If we want to get to the level of output we need, labour will become an increasing factor. What does the ESRI recommend to increase the labour supply for construction? Obviously there are apprenticeships and so on. Are there short-term measures?
- Joint Oireachtas Committee on Housing, Local Government and Heritage: Challenges Relating to the Delivery of Housing: Discussion (Resumed) (27 May 2025)
Séamus McGrath: It is about intensification.
- Joint Oireachtas Committee on Housing, Local Government and Heritage: Challenges Relating to the Delivery of Housing: Discussion (Resumed) (27 May 2025)
Séamus McGrath: Such as off-site construction.
- Committee on Key Issues affecting the Traveller Community: Business of Joint Committee (22 May 2025)
Séamus McGrath: I join the other members in congratulating Deputy Lawlor on taking up the position of Cathaoirleach. I am glad to be a member of this committee. I was, like other members, previously a member of a local authority committee so I have some experience in that respect. The one takeaway I have from that is the importance of having good engagement with the Traveller community. We are not...
- Public Accounts Committee: National Paediatric Hospital Development Board and Children's Health Ireland: Discussion (22 May 2025)
Séamus McGrath: I thank the witnesses for attending. Returning to the children’s hospital and the big picture items, the Government approved in February 2024 the budget of €1.88 billion. Is it fair to say that budget will not be sufficient to complete the hospital?
- Public Accounts Committee: National Paediatric Hospital Development Board and Children's Health Ireland: Discussion (22 May 2025)
Séamus McGrath: Is that a high degree of confidence?
- Public Accounts Committee: National Paediatric Hospital Development Board and Children's Health Ireland: Discussion (22 May 2025)
Séamus McGrath: The opening statement referenced the original contract value, which was of the order of €910 million.
- Public Accounts Committee: National Paediatric Hospital Development Board and Children's Health Ireland: Discussion (22 May 2025)
Séamus McGrath: It is a doubling of that original contract value.
- Public Accounts Committee: National Paediatric Hospital Development Board and Children's Health Ireland: Discussion (22 May 2025)
Séamus McGrath: Mr. Gunning is making a distinction between the contract with the contractor and additional items.
- Public Accounts Committee: National Paediatric Hospital Development Board and Children's Health Ireland: Discussion (22 May 2025)
Séamus McGrath: Where is the value of the contract with the contractor right now?
- Public Accounts Committee: National Paediatric Hospital Development Board and Children's Health Ireland: Discussion (22 May 2025)
Séamus McGrath: That went through the resolution process.
- Public Accounts Committee: National Paediatric Hospital Development Board and Children's Health Ireland: Discussion (22 May 2025)
Séamus McGrath: Regarding the contract with the contractor, the opening statement referenced a 6% variance. Is that correct?
- Public Accounts Committee: National Paediatric Hospital Development Board and Children's Health Ireland: Discussion (22 May 2025)
Séamus McGrath: What is the value of the inflation?
- Public Accounts Committee: National Paediatric Hospital Development Board and Children's Health Ireland: Discussion (22 May 2025)
Séamus McGrath: Okay. Returning to the €1.88 billion, what was the original estimated figure of the combined costs?
- Public Accounts Committee: National Paediatric Hospital Development Board and Children's Health Ireland: Discussion (22 May 2025)
Séamus McGrath: Is that the total cost? Is that fit-out, equipment-----
- Public Accounts Committee: National Paediatric Hospital Development Board and Children's Health Ireland: Discussion (22 May 2025)
Séamus McGrath: To make the hospital-----
- Public Accounts Committee: National Paediatric Hospital Development Board and Children's Health Ireland: Discussion (22 May 2025)
Séamus McGrath: Into a fully operational hospital.