independent

Thursday 18 September 2014

Projects' progress will depend on unreliable income

Published 20/11/2012 | 09:58

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County Hall in Swords.

THE lion's share of Fingal County Council's capital budget will be blown in the first year of the programme.

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2013 will see close to half of the three-year budget spent with the remainder split over 2014 and 2015. In the first year of the programme, the council projects it will spend some €110.64 million of the three-year, €216.58 million capital budget. That will leave an estimated €59.87 million to spend in 2014 and just €46.08 million in 2015. But the council has added a warning to even that limited projected spend and said in its report on the three-year capital programme: ' The progress of the projects outlined in the report relies heavily on the availability of exchequer funding and loans supplemented by development levies and internal resources.' It also states: ' The report contains a significant number of projects which are heavily reliant on funding from development levies and internal resources. These resources are not being replenished at the rate seen in previous years and will be reduced considerably over the lifetime of the threeyear programme. 'It should also be borne in mind that this is a rolling programme which will be revised annually. Time and other constraints may vary the progress of a particular project within a given period.'

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