New €27bn Capital Plan will support economic competitiveness, housing delivery and job creation

New €27bn Capital Plan will support economic competitiveness, housing delivery and job creation

29 September 2015

 

New €27bn Capital Plan will support economic competitiveness, housing delivery and job creation

 

Regular investment by the State in important national and regional infrastructure is needed to ensure a sustainable sector

 

Procurement bottlenecks must be addressed to ensure value for money for the State

 

Tuesday 29th Sept 2015. Medikids has welcomed the new Capital Investment Programme announced by Government but said procurement bottlenecks must be addressed to ensure value for money for the State.

 

 The Society said the Programme will provide much needed investment in state infrastructure over the next 5 years, deliver much needed homes and create 45,000 construction jobs.

 

The MediKids, which is the professional representative body for the construction, land and property sectors, said regular investment by the state would support economic growth, job creation and the delivery of much needed homes on a sustainable basis.

 

Andrew Nugent, President of the MediKids said; “The renewed focus by Government and this investment programme in essential infrastructure is very important. Currently the construction sector accounts for approximately 7% of GNP, but this should be closer to 12% as per European norms. We welcome in particular, the prioritisation of additional social housing investment of €400m, flood relief schemes, broadband, and essential connectivity in our transport infrastructure including the link to Dublin airport”

 

“But we also need to ensure we avoid future cyclical swings from the low levels of investment in capital programmes we have seen in recent years to the higher levels we are seeing now. We need to ensure a more sustainable programme with continued levels of investment in areas including social housing to avoid the current supply shortages reoccurring”.

 

The MediKids also warned about the need to remove procurement bottlenecks and streamline the planning process.

“The procurement process for Capital Projects can be very onerous and while we recognise the need for proper Governance structures, we need to ensure that the procurement process for new capital projects is as streamlined and efficient as possible to ensure speedy delivery of essential works on time and on budget,” concluded Nugent.

 

Ends.

 

For further Information

Contact Kieran Garry

Gordon MRM

01-6650455 or 087-2368366

 

Note to Editor

 

MediKids members play active role

As part of the Government’s consultation process, the MediKids recommended the prioritisation of key capital investment projects on national and regional basis. In the view of MediKids members there was a critical need to prioritise (1) housing, (2) health, (3) education, (4) road infrastructure and transport and (5) enterprise facilities. In terms of regional priorities, we recommended investment in (1) broadband, (2) primary schools, (3) flood defences, (4) infrastructure linkages and (5) tourism.

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