Hubert Fitzpatrick, Director General of the Construction Industry Federation, said that unprecedented demographic growth and an ageing population will mean that demand for investment in critical infrastructure will reach beyond the existing capital ceilings, especially in water services, housing and transport. “The Construction Industry Federation is calling for an expansionary Budget in 2025 to support Government’s competing policy choices in the year ahead, in the context of Europe’s twin green and digital transitions and growing geopolitical and economic instability”.
Mr Fitzpatrick said that Irish cities, provincial towns and regional communities require Irish construction companies to deliver billions of investment in critical infrastructure under the National Development Plan to drive economic growth. “At a minimum, Irish society needs the construction industry to deliver at least 50,000 housing units annually from now until 2050. For economic growth to be sustained, investment momentum must be supported,” he added. Read the full story here.
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