Tuesday January 28, 2020

Donohoe: We will prevent cost overruns like children’s hospital in future

Projects valued at more than €100 million will be assessed by an international panel of experts, and the government will have the scope to walk away from projects that get out of control

Daniel Murray

Business Reporter

@danieltmurray
15th December, 2019
Minister for Finance Paschal Donohoe: “We need to have more no-go decision points in projects.”

Spiralling costs like those at the National Children’s Hospital will be prevented in the future, and the government will have a greater ability to walk away from projects that get out of control, Paschal Donohoe has told the Business Post.

A new capital public spending code launched by the Minister for Finance last week aims to prevent public spending controversies by putting a greater emphasis on financial risk, giving more opportunities for the...

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