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

15th December, 2019
Donohoe: We will prevent cost overruns like children’s hospital in future
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...

Subscribe from just €1 for the first month!

Currency

What's Included

With any subscription you will have access to

  • 971569B3-2C5E-4C45-B798-CEADE16987A8

    Unlimited multi-device access to our iPad, iPhone and Android Apps

  • 099C8662-C57C-42F2-9426-F2F90DF17C8F

    Unlimited access to our eReader library

  • 198AE43B-B9CF-4892-8769-D63C2104BA08

    Exclusive daily insight and opinion seven days a week

  • D8F37B78-25E4-4E4A-A376-4F5789B1564A

    Create alerts to never miss a subject that matters to you

  • B15F2521-37CD-4E02-B898-730A20D39F7F

    Get access to exclusive offers for subscribers on gifts and experiences

  • A564FE02-1AB8-4579-AF9D-BA32A2E5ACA7

    Get content from Business Post, Business Post Magazines, Connected, Tatler and Food & Wine

Share this post

Related Stories

'Our laws and supports haven’t caught up with how people live their lives'

Home Michael Brennan 1 day ago

Smyth plans to introduce digital driving licences

Home Aaron Rogan 6 days ago

One million households to be offered state-backed loans to boost home retrofits

Home Michael Brennan 6 days ago

Relatives for Justice claim British acting to hide loyalist collusion

Home Aiden Corkery 6 days ago