Advertisement
Construction Industry Federati...

National

Construction Industry Federation warns inflation could pause infrastructural development

RedFM Sport
RedFM Sport

08:46 3 Jun 2022


Share this article


Rising build costs must not lead to a pause in the country's infrastructural development.

That's according to the Construction Industry Federation which was reacting to the news that some builders face going bust if they deliver projects they tendered for over 12 months ago.

The CIF says Brexit, the Covid 19 pandemic and the war in Ukraine have all had a signifcant impact on supply chains for materials in the construction sector which has led to huge hikes s in the cost of materials.

However the Federation says we cannot allow these obstacles lead us to repeating mistakes of the past where there was insufficent investment in infrastructure over a long period of time.

Speaking to RedFM News Conor O'Connell of the CIF says infrastructure needs to be delivered for our growing population.

"Some of the most serious issues that this country faces, such as gridlock, housing, schools, hospitals etc are a result of a failure to invest sufficiently in infrastructure over a prolonged period of time because of a number of factors, caused by the last economic crash.

"We now need to get on with it, we have to deliver our infrastructure for our growing population our growing employment base, so we have to find ways and means of proceeding with projects."


Share this article


Read more about

Building Construction Construction Industry Federation

You might like