‘Time to invest in infrastructure projects’

Now is the time to invest in infrastructure projects in Ireland, according to speakers at the PwC business leaders conference.

PwC lead partner Ger O’Mahoney and managing director of Augmentis Ireland, John Mullins, both agreed that now is the time to invest in infrastructure construction projects in Ireland as the sector remains behind the European average.

“The bottom line is we have 140,000 construction workers on social welfare, costing approximately €2.4bn a year,” said Mr Mullins. “I’m not suggesting that we egg-up the industry but it is only 6% of GDP, and the EU average is 10%, so we need to edge towards that.”