Future growth may be ‘under threat’

OUR future economic potential is being destroyed by a grossly inefficient infrastructure that’s turned Ireland into a “commuting hell”, Engineers Ireland president John McGowan warned last night.

The “problems of success” could affect our attractiveness for both foreign and local investment, he said.

Mr McGowan made his remarks during his annual address at the association’s headquarters in Dublin.

At this stage the country was beset by a long list of grievances that threatened future inward investment and our long-term economic prospects, he said.

“Power availability, transport links, hazardous waste disposal and access to broadband” were key issues holding back the economy.

Lack of affordable housing in major urban areas and long lead times were damaging our competitiveness.

“There is a growing dissatisfaction amongst commuters with their quality of life. This reduces individual productivity and hence the island’s attractiveness to both foreign and local investment,” Mr McGowan said.

He warned that the competitive advantage of Ireland’s low corporate tax rate was being eroded by inefficient infrastructure and the increasingly larger incentive packages offered in other countries.

He outlined the elements of infrastructure needed:

* A transport infrastructure capable of efficiently distributing goods, people and services.

* Two hour road access to airports from all parts of the island.

* Readily available utilities and waste services.

* Universally available telephony and broadband services.

* A world-class education sector.

* Strong sense of social cohesion and political stability.

Mr McGowan called for “a renewed sense of urgency in tackling the country’s infrastructure deficits”.