To ask the Minister for Transport the reason the cost of the Dublin Port Tunnel has risen from €440 million in October 2000 to €680 million in 2004; and if he will clarify other difficulties in relation to this project.
- Finian McGrath.
For WRITTEN answer on Wednesday, 25th February, 2004.
Ref No: 6392/04
Answered by the Minister for Transport
(Mr. Séamus Brennan, T.D.)
The contract for the Port Tunnel, which is a design and build contract, was awarded in December 2000. The contract was awarded (excluding provision for price variation) in the sum of €448m. At that time when land acquisition, construction supervision etc were included it was anticipated that the all-in-cost including construction, would be in the region of €580m. The construction period will extend to mid-2005 and allowing for the operation of the Price Variation Clause over that five year period, it is currently estimated that the final out-turn cost (including price variation) will be in the region of €715 million (current prices). The cost increase between the all-in-cost at 2001 prices and the all-in-cost prices in 2004 is attributable to the Price Variation Clause which takes account of construction cost inflation over the period concerned including both the costs of labour and materials
The final report was received from Atkins on 8 December 2003. I am currently reviewing the findings of the report and have sought further information from the NRA pertaining to its conclusions.