Wednesday 23 January 2019

CIF: projects at a standstill

THE Construction Industry Federation (CIF) has claimed that, apart from schools and water services, new infrastructure projects are "at a virtual standstill".

The CIF says its monthly analysis of public construction notices shows that just €70,800 worth of new tenders were announced in January.

This is substantially below the value of public infrastructure projects signalled by the Government in the Budget, it said.

"It seems, at this early stage in the year, that even the substantially reduced investment targets announced in December's Budget -- in which capital investment bore a disproportionate burden of the fiscal adjustment -- will not be met," CIF director of policy Martin Whelan said.

He said this would affect the achievement of economic growth and employment forecasts in the National Recovery Plan.

The CIF called on the incoming government to publish a list of projects with which it intends to proceed, along with a timescale for their commencement.

Figures have shown just one single project, valued at €11.96m, was awarded in January. Mr Whelan said notices in January reflected "a continuation of the trend first identified over two years ago".

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