adplus-dvertising
Hot Stories

Three-quarters of children’s hospital construction budget is spent as costs top €1bn – The Irish Times & More Breaking News

 

Three-quarters of the construction budget for the new national children’s hospital (NCH) has now been spent with almost a year and a half to go before building work is due to be finished.

Costs have now topped €1 billion out of the €1.433 billion approved for the construction phase of the project according to figures provided to the Dáil’s public spending watchdog.

The NCH has been beset with delays — some due to the Covid-19 pandemic.

There have also been disputes between National Paediatric Hospital Development Board (NPHDB) and the main contractor BAM which has made claims for additional costs running into hundreds of millions of euro.

The original estimated cost of the project was put at €800 million in 2014 before being set by the then Fine Gael-led minority Government at €1.433 billion in 2018.

This funding was to cover the main hospital at the St James’s Hospital site and two satellite centres in Blanchardstown and Tallaght.

Another €300 million is expected to be spent on the integration and transfer of services from the existing three children’s hospitals in Dublin including information technology and commissioning costs bringing the total expenditure to €1.73 billion.

However, there are fears that the pandemic delays, inflation and other factors like Brexit impacting on the supply of goods and services will increase construction costs and opposition politicians have long suggested that the total spend on delivering the NCH could exceed €2 billion.

A note to the PAC accompanying a letter from Department of Health secretary general Robert Watt says that a definitive update on the costs cannot be provided.

It says this is “due to the fact that we are talking about a live contract and speculation on any costs will be detrimental to the Development Board’s commercial engagements.”

PAC chairman, Sinn Féin TD Brian Stanley, commented on the spending saying: “We’re already into a situation where it exceeds what the original estimates were for the cost of it and we’re still somewhat away from opening the doors”.

He said there’s “potentially nearly three years to go on this project.”

The PAC was told earlier this year that construction of the hospital at the St James’s Hospital site is expected to be substantially complete by the end of January 2024.

However, with a number of months of fitting out to be completed after that date questions were raised at a PAC meeting in June as to whether it could be 2025 when the NCH finally opens.

The Department of Health note says the capital budget of €1.433 billion has not yet been depleted and to date €1,049,001,707 has been spent as of July.

This is 73.2 per cent of the allocated budget.

The note says: “Brexit, the pandemic and recent geopolitical developments have severely impacted construction industry supply chains and more general economic challenges — the NCH project is not immune to these external challenges.”

It adds: “Every effort is being taken to mitigate the risks but these externalities beyond the control of the contractor and the NPHDB make speculation and more definitive forecasting unwise.”

World Latest News Update

I have tried to give all kinds of news to all of you latest news today 2022 through this website and you are going to like all this news very much because all the news we always give in this news is always there. It is on trending topic and whatever the latest news was

it was always our effort to reach you that you keep getting the Electricity News, Degree News, Donate News, Bitcoin News, Trading News, Real Estate News, Gaming News, Trending News, Digital Marketing, Telecom News, Beauty News, Banking News, Travel News, Health News, Cryptocurrency News, Claim News latest news and you always keep getting the information of news through us for free and also tell you people. Give that whatever information related to other types of news will be

World Live News

You will like the news that I have created and shared with you all very much. We will continue to include themes for you to read about so that you may learn about hot news topics, which is what we hope you will be able to do.all kinds of news without going through us so that we can reach you the latest and best news for free so that you can move ahead further by getting the information of that news together with you. Later on, we will continue

to give information about more today world news update types of latest news through posts on our website so that you always keep moving forward in that news and whatever kind of information will be there, it will definitely be conveyed to you people.

World News Today

All this news that I have brought up to you or will be the most different and best news that you people are not going to get anywhere, along with the information Trending News, Breaking News, Health News, Science News, Sports News, Entertainment News, Technology News, Business News, World News of this made available to all of you so that you are always connected with the news, stay ahead in the matter and keep getting today news all types of news for free till today so that you can get the news by getting it. Always take two steps forward

Credit Goes To News Website – This Original Content Owner News Website . This Is Not My Content So If You Want To Read Original Content You Can Follow Below Links

Get Original Links Here🡽

Back to top button