Construction BUSINESS

OPW Highlights New Opportunities For Irish Construction Companies

 Breaking News
  • Northern Ireland Housing Market Continues to Perform Strongly The latest Quarterly House Price Index report from Ulster University reveals a relatively healthy housing market with strong but sustainable levels of house price growth over the last 12 months in Northern Ireland. Ulster University’s research is produced in partnership with the Northern Ireland Housing Executive and Progressive Building Society. Analysing the performance of the Northern [...]...
  • U+I Starts Construction at Ballymoss House, Sandyford, Dublin U+I, the specialist regeneration and property developer, has commenced construction activity on the Ballymoss House site in Sandyford, in partnership with local contractor Collen Construction. The site which will be rebranded as THE HIVE over the course of its development, will see over 73,000 sq. ft. of office space being re-imagined, with 117 parking spaces and [...]...
  • Call For Reduction in Stamp Duty For First-time Buyers A call for stamp duty to revert to 2pc to enable more aspiring first-time buyers acquire once off sites to build homes has been called for by IPAV, the Institute of Professional Auctioneers & Valuers, which says last year’s hike from 2pc to 6pc is adversely affecting the cost of a new house for first-time buyers. Launching its [...]...
  • Dublin Selected as Host City For Global DIY Summit in 2019 Dublin has been selected to host the 2019 Global DIY Summit following a competitive process which included bids from a number of key convention destinations including Rome and Amsterdam. The event, which will take place over the course of two days in the Convention Centre Dublin next June, is expected to generate up to €5 [...]...
  • CRH Completes Phase 1 of Share Buyback Programme CRH plc has completed the first phase of its share buyback programme, returning €350 million of cash to shareholders. Between 2 May and 31 July 2018, 11.4 million ordinary shares were repurchased on the London Stock Exchange at an average discount of 0.5% to the volume weighted average price over the period. Details relating to subsequent [...]...

OPW Highlights New Opportunities For Irish Construction Companies

OPW Highlights New Opportunities For Irish Construction Companies
May 08
12:01 2018

Of the anticipated €116 billion capital investment provided for in Project Ireland 2040, the Government’s policy and planning framework for the social, economic and cultural development of Ireland, the Office of Public Works (OPW) will be responsible for between €5 billion and €10 billion of this expenditure. Many of the projects involved will be small and medium sized, providing new opportunities for Irish construction companies, according to Maurice Buckley, Chairman of the OPW.

Maurice Buckley was a keynote speaker at the recent 2018 National Construction Summit, which was held recently at the Citywest Convention Centre, Dublin.

Maurice Buckley.

To facilitate the expected doubling of its level of activity in the coming years, the OPW has established three groups – one to oversee major capital projects of €5 million or more, a second for smaller projects worth between €1 million and €5 million, and a minor regional projects group for those less than €1 million. “Procurement is European, so the industry must work with us to take advantage of the opportunities that are there,” he said.

The OPW property portfolio encompasses 3,000 public buildings in Ireland, of which about 2,000 are modern. About €460 million is expected to be invested in the national cultural institutions that are under the OPW’s care. The OPW remit covers 780 national monuments such as Ceide Fields, Clonmacnoise and the Rock of Cashel.

A major area of investment for the OPW is flood risk management. A country-wide programme entailing investment of €1 billion over the next ten years has just been launched. “There are only four or five large projects so there are a lot of smaller projects across the country,” Maurice Buckley pointed out. “This is an area where Ireland is under-supplied. I would strongly encourage the industry to up-gear for that.” He added: “With climate change, this will most likely be increased over future years.”

About Author



Related Articles

Constrcution Summit

PROMO – Construction Summit 2016 – Sustaining the Momentum

Lean Construction Ireland – Enhancing Ireland’s Competitive Advantage

The Magazine – Construction Business

The Magazine – Construction Summit 2016

The Magazine – Construction Summit

Upcoming Events

  • September 8, 2018Bauen Kaufen Wohnen
  • September 18, 2018For Arch 2018
  • September 27, 2018Marmomacc Verona
  • September 27, 2018Architect@work Paris
AEC v1.0.4

New Subscriber

Subscribe Here