Building costs at €60m
The fallout from the collapse of the builders responsible for the building of Wexford County Council's new headquarters in Carricklawn continued.
Figures circulated to the elected members showed that the construction was for €41m. However, the final cost came to €47m, an extra €6m. The extra money was accounted for by the cost of substitute contracts after Pierse went bust and by work to put right defects.
The total price came to €60m after design and other costs were also taken into account. However, Wexford County Council took out a loan for the project of just €50m, leaving a debit balance of €10m as reckoned at the end of last year.
Director of environment services Eddie Taaffe confirmed that progress has been made in negotiations with bondsmen that the council is looking to for help in reducing the debt. He said matters were beginning to 'crystallise' and he expects that process to be concluded before Christmas.