Inflation Pushes Up Cost Of Ne...


Inflation Pushes Up Cost Of New National Children's Hospital By €51 Million

Laura Donnelly
Laura Donnelly

02:14 16 Jun 2022

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The cost of the new National Children's Hospital has gone up by another estimated €51m.

Inflation has hit the Dublin 8 project with a significant further cost to the State.

The Hospital Development board has estimated inflation running at more than 10% on the new National Children's Hospital.

This triggers a clause whereby the State picks up the bill for costs, if inflation is above 4%.

David Gunning, CEO of the development board, says the €1.43 billion price tag is going to keep rising, even when inflation is discounted.

The builder, BAM, has also put in claims for extra costs amounting to €585 million, but the development board believes there's no way that amount will be paid out.

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