Ibec calls for new €30bn infrastructure fund as part of pre-budget submission

The employer’s representative body said the government needed to increase spending on infrastructure to tackle the “systemic congestion” in the economy right now

The Department of Finance & Department of Public Expenditure and Reform, on Merrion Street. Picture: Fergal Phillips

Ibec, the employer representative group, has called on the government to establish a new €30 billion dedicated infrastructure fund that will help address the social, economic, and environmental infrastructure needs of the country over the next decade.

Unveiling its pre-budget submission, Ibec said underinvestment in infrastructure like housing, energy and water over the past decade had created “systemic congestion” in the economy and called on the government to invest in “greater economic capacity” for the ...