Taxpayers to foot €50m bill for pyrite damage
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.