Bernard Durkan (Kildare North, Fine Gael)
Link to this: Individually | In context

Question 153: To ask the Minister for Finance the full extent of the overall costs of decentralisation to date; and if he will make a statement on the matter. [19286/09]

Brian Lenihan Jnr (Dublin West, Fianna Fail)
Link to this: Individually | In context

Further to my response on 10th December last, the total amount of expenditure on the property aspects of the programme up to the end of February 2009 is approximately €294m. This is comprised of the cost of site/property acquisitions, fit-out works and rent of approximately €290m expended by the OPW together with some €4m in costs incurred by other organisations.

My reply of 10th December 2008 also set out these other Agency costs. The up to date position in relation to these costs is as follows:

a total of €3.2m expended by FÁS

a total of €2.65m expended in respect of the HSA (of which €1.80m is included in the OPW figure above)

a total of €0.305m expended by Pobal The costs to date have been offset by property disposals in Dublin

The total projected income from property disposals in Dublin over the period of the programme amounts to over €570m. This is made up of €373m already received together with property valued at €75 million transferred to the Affordable Homes Partnership.

In addition, the OPW has agreed joint venture redevelopment schemes with an approximate value of circa €125m (subject to current market fluctuations). As expected, non-property costs have been increasing as more posts are located outside of Dublin. At end September 2008, the total non-property costs incurred amount to approximately €12m.