Ireland’s Budget 2019 has outlined several construction and infrastructure opportunities for suppliers in the coming year.
We have highlighted some of the key areas of opportunity within this sector below.
By the end of this year, over 70,000 housing solutions will have been delivered under the Rebuilding Ireland programme – and the work doesn’t stop there; Minister for Finance Paschal Donohoe has allocated a total of €2.3 billion to the housing programme for 2019.
€1.25 billion will be spent on the delivery of 10,000 new social homes in 2019 and an extra €121 million has also been allocated to the Housing Assistance Payment (HAP) to provide an additional 16,760 new tenancies next year.
Mr Donohoe said that “this support is providing a critical exit mechanism for families and individuals in emergency accommodation or at risk of homelessness”.
The supporting document for Budget 2019 notes that:
“Project Ireland 2040 foresees population growth of one million people supported by massive investment in our national infrastructure. This means we will build more houses, hospitals and schools, climate-proof our economy and invest in our energy and communications networks.”
The Irish Government is investing “record levels of funding into our key public services, including health and education”, allocating €1.4 billion to the development of schools, universities, public transport and other important infrastructure projects in 2019.
This brings the total expenditure on capital works and services next year to €7.3 billion, placing Ireland in the top ten European countries by level of public investment.
Construction Tenders in Ireland
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