Government needs to be upfront about capital spending
Published 11/05/2015 | 02:30
Building roads, schools, courts, healthcare centres and other large infrastructure projects is an expensive business.
The cost of public private partnership (PPP) projects to date stands at some €6.5bn. In addition, Irish Water has taken over commitments from local authorities of more than €1bn for water and wastewater treatment schemes.
And that bill is going to rise. The Government plans to finance a range of new courts, roads, road schemes and other projects using PPPs, with a further €1.4bn in long-term debt likely to be accrued.