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Thursday 21 September 2017

Taxpayers to foot €50m bill for pyrite damage

Environment Minister Phil Hogan
Environment Minister Phil Hogan

ENVIRONMENT Minister Phil Hogan is to seek Cabinet approval for a €50m taxpayer-funded scheme to finally pay for repairs to 1,000 pyrite-damaged homes.

The cost will be funded directly by the taxpayer after a previous plan to impose a levy on insurance and quarry firms was abandoned.

The Government received legal advice that it would be unsafe to go ahead with a levy because many companies could argue that they were not directly responsible for the pyrite-damaged homes.

Mr Hogan is due to bring his pyrite bill to the Cabinet today with the intention of passing it into law before the Dail breaks for Christmas.

Irish Independent

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