State bodies are asked to consider cutting costs on infrastructure projects

Spiralling prices of steel and timber could reduce number of developments to be funded under €165bn National Development Plan

Michael McGrath, Minister for Public Expenditure and Reform: issuing new guidelines to government bodies. Picture:

Government bodies have been told to examine scaling back their infrastructure projects in light of rising construction prices.

There are concerns that the increasing cost of materials such as steel and timber will reduce the number of projects that can be funded under the €165 billion National Development Plan.

Michael McGrath, the Minister for Public Expenditure, has issued guidelines to government bodies to look at “changes to the scope, design or specification” of any current ...