Seanad debates

Wednesday, 23 March 2005

Finance Bill 2005 [Certified Money Bill]: Committee and Remaining Stages.

 

4:00 pm

Photo of Martin ManserghMartin Mansergh (Fianna Fail)

This is why public infrastructure schemes that are for the public good such as roads, railways and Luas, cost so much. If one analyses them, an horrendous percentage of the cost comprises compensation, not construction. Part of the reason the cost of compensation is so high is that land values have escalated. We must be sensible about this and realise there is more than one side to the argument.

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