Matt Cooper: Intel would never stand for the NCH cost overruns the state has overseen
The ballooning cost of the new National Children’s Hospital stands in stark contrast to Bam’s efficient work on Intel’s multi-billion-euro Leixlip expansion
It was a week in which two hospitals featured heavily in the news. The Beacon, a private hospital in Dublin 18 largely owned by wealthy businessman Denis O’Brien, was sold to Macquarie, an Australian asset management investor, for a sum undisclosed but reported to be in the region of €400 million to €500 million.
Meanwhile, it was confirmed that by the time the new National Children’s Hospital in Dublin 8 is completed, the cost to the government in construction and moving existing facilities to the new location will exceed €2.25 billion, compared to an initial budgeted price of well less than €1 billion.
