Cork economy faces 'monumental failure' from stalled spending

The economic development of the southern region - taking in Cork, Limerick and Waterford - is in danger of being suffocated by a lack of investment in vital infrastructure projects, the country's main building representative group has warned.

The Construction Industry Federation (CIF) has claimed "big promises" laid out, early last year, by the Government in its €116bn Project Ireland 2040 vision are not being initiated, with several essential road projects being delayed in the past 18 months and the bulk of investment going on Dublin-based projects.