Seanad debates
Wednesday, 26 November 2003
Book of Estimates 2004: Statements.
Regarding the hotels and holiday homes scheme, a deadline was put in place in last year's budget for completion of these schemes. The criteria were that planning permission had to be lodged by 31 May 2003, the application validated, and construction completed by December 2004. The first deadline has passed and there is therefore a finite number of schemes that can be completed. However, the second deadline is producing a potential logjam both from the construction point of view and the hotel operational point of view. To get schemes completed on time, considerable resources will have to be employed. If the deadline were extended by six months, for example, it would take the pressure off everyone – developer, builder, hotelier, operator etc. As there is a finite number of schemes because of the deadline of 31 May 2003, there should be no loss to the Exchequer in bringing this about. I ask the Minister to consider these issues and address them in the budget rather than in the Finance Bill, because I fear that people building these schemes are entering into aggressive contracts now in order to be finished on time. Such contracts are in no one's interests.
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