€1.7bn children’s hospital bill to rise further over inflation

Construction costs expected to rise again due to the impact of the Russian invasion of Ukraine

The National Children’s Hospital: ‘There are significant concerns in respect of inflation of construction costs,’ Malcolm Byrne, the Fianna Fáil senator, said. Picture: Fergal Phillips

The €1.7 billion cost of the National Children’s Hospital is set to escalate further due to the impact of soaring construction inflation.

The contract to build the hospital was a fixed price one, but it allowed BAM, the contractor, to claim back any construction inflation beyond 4 per cent.

Construction inflation increased to around 8 per cent last year and is expected to rise further this year due to the impact of the Russian invasion ...