Construction
Concrete levy will stop major infrastructure projects, say developers
One concrete manufacturer described tariff, designed to recoup some of the costs of €3 billion mica redress scheme from the building industry, as a ‘nightmare’ scenario
The government’s controversial plan to impose a 5 per cent levy on concrete blocks will add nearly €300 million to the cost of its Housing for All policy and make many major building projects unviable, developers have warned.
Builders and concrete manufacturers have asked the government to defer the tax – introduced to help fund the cost of the mica redress scheme – for two years, given the cost inflation that is already causing major ...