IBEC calls on Government to add €70bn to its investment plan

A group that represents Irish businesses is calling on the Government to add €70bn to its investment plan toward 2030.

IBEC says a lack of infrastructure spending is threatening the country’s prospects of a recovery from the Covid crisis.

It also believes that the timeline for public projects could be halved by reforming procurement and planning systems.

Director of Policy and Public Affairs, Fergal O’Brien says a wide range of Irish society needs investment.

“We need to invest ambitiously to address challenges such as our housing, such as commenting and public transport, such as our education, our health system, and crucially the sustainability and environmental challenge.

“IBEC is estimating that the Government needs an additional €70bn in our investment plan to take us out to the end of the decade in 2030 – that would equate to about 4% of our national income.”

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