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Improving Cork's infrastructure is vital to allow further growth

Wednesday, 20th February, 2019 4:54pm

Cork construction continues to grow but infrastructure developments still lagging behind, a major report has revealed.

An all-island Irish construction industry review, which was recently launched by AECOM, analyses the industry outlook and what cities such as Cork will require to sustain them into the future.

An industry survey was also carried out with senior professionals in the public and private sectors, to gain insight into sentiment, what is driving and blocking development and to the challenges the industry will face.

Five key areas were reported as necessary for the development of infrastructure in Cork in Ireland Industry Review 2019. These are an efficient transport system, a city space that supports well being, smarter services, innovative housing planning and resilient infrastructure to protect against flooding and elements.

Challenges identified in the report included the talent shortage crisis as a significant percentage of Cork’s skilled workforce moves to Dublin or abroad. Wages, the cost of living and the viability of the market all factor into this and should be improved.

As well as developing a clearer picture on the outlook, AECOM presented a growth estimate of 20 per cent for the Irish construction industry for 2019, totalling €24 billion. This is underpinned by the fact that over three-quarters of the industry surveyed stated that they felt positive about their own individual business outlook for the year.

Head of Cost Management in AECOM Cork, Glenn Hanna said: “This year’s review unlocked a message of positivity and optimism within the construction industry in Cork. With a nationwide 20 per cent growth rate, Cork is set to thrive as the city continues to expand and prosper.

“Cork’s continued economic success and growth is inextricably linked to our approach to infrastructure. Considering our requirement to provide housing, broadband, better roads and public transport, how we move forward with infrastructure in the coming two decades will be critical to our viability and sustainability as one of the leading cities in Europe.”

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