Construction industry wants €15bn housing and infrastructure package

CIF delegation met ministers Donohoe and McGrath this week

CIF wants a €15bn construction investment over the next six years. Picture: Sam Boal

The Government should take advantage of the current low interest rates to invest an additional €15bn over the next six years in infrastructure and housing, Ireland's construction industry has said.

Making their pre-budget submission, the Construction Industry Federation (CIF) published an economic report which says that every €1 billion invested in infrastructure, housing and other construction-related activity leads to €1.85b in additional GDP, 1,200 additional jobs and €140m in exchequer revenue.