US-Iran war eroding Cork county road budget by nearly €50m

The council has received €240m from the government for road projects in the county this year

Padraig Barrett said inflation will eat into the €240m earmarked for Cork roads, currently estimating it will run from anywhere between 10% and 20%.

Inflation in fuel prices and oil-based construction materials caused by the US-Iran war could cut into the Cork county roads budget by up to 20%, or nearly €50m.

That is according to Cork County Council's director of roads and transportation Padraig Barrett, who outlined the stark estimates in firm figures after previously warning of the looming threat.