Monday 5 December 2016

Government needs to be upfront about capital spending

Published 11/05/2015 | 02:30

Paschal Donohoe
Paschal Donohoe

Building roads, schools, courts, healthcare centres and other large infrastructure projects is an expensive business.

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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.

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