Welcome, Guest  :  Login  |  Help  |  Contact Us

News

CIC Makes Key Recommendations to Government to Revitalise Construction Sector

Published: Friday, November 16, 2012

[Pictured at the CIC report launch are (l-r), Ciara Murphy, Director General, Society of Chartered Surveyors Ireland; John Graby, Director RIAI;  Michael Moriarty, President of the Association of Consulting Engineers Ireland; and RIAI President Michelle Fagan]

 The new Construction Industry Council report, ‘Building our Future Together’, makes key recommendations to Government to revitalise the Construction Sector, including:

  • Address the public infrastructure deficit through full allocation of the Public Capital Programme funds and alternative funding solutions– together have the potential to create 70,000 jobs
  • Appoint Construction Adviser to Government to provide strategic direction and vision for the construction sector
  • Bring construction sector to appropriate size for Irish economy
  • Identify export opportunities for the construction sector

In the report, the Construction Industry Council (CIC) has said over 70,000 jobs could be created if the Government delivers on its projected spend on the Public Capital Programme and facilitates the funding of major projects from alternative sources. Such a move would address the current public infrastructure deficit in terms of education, health, enterprise and environment according to the CIC.
In a new report, the Council noted that infrastructure expenditure is currently 14 percent behind projected spend in the Public Capital Programme. In addition, the CIC calls on the Government to urgently implement alternative funding solutions, especially the participation of pension funds in large-scale infrastructural investment. The Construction Industry Council made the call in a new report entitled ‘Building our Future Together’.

In light of the extremely challenging environment for financing otherwise viable building projects, the ClC pointed out its extreme frustration at the lack of progress on implementing alternative funding solutions. It noted that despite the fact that the idea of using pension funds to finance infrastructural projects was first mooted in 2009, nothing has happened to date.
The Report recommends that the Government’s Expert Group, which has been researching alternative funding solutions, urgently completes its task and that the Government implements a funding solution for Irish infrastructure without delay.

CIC Chairman and Chartered Surveyor, Derry Scully, said that much needed jobs and infrastructure would be provided if the Public Capital Programme was fully implemented.
“Ireland has an oversupply of the wrong type of building in the wrong locations. At its peak the construction sector was twice the size it should have been, employing directly or indirectly 377,000 people. Now the sector employs just 138,000 people. By prioritising and delivering spending on delivering key infrastructure outlined in the Public Capital Programme, and accessing alternative funding, the Government could redress this imbalance, create employment, stimulate the economy and facilitate foreign direct investment” Scully said.

The CIC represents all the leading organisations involved in the construction sector in Ireland, including; the Society of Chartered Surveyors Ireland, Engineers Ireland, the Royal Institute of the Architects of Ireland, the Construction Industry Federation, the Association of Consulting Engineers and the Building Materials Federation, which represent a combined total of approximately 50,000 members nationwide.

Read the full CIC Press Release.

Categories: Architecture | Press Releases


« Back to Latest News