Cork CIF Chairman calls for Dunkettle Interchange and N28 to be fast-tracked
The chairman of the Cork Branch of the Construction Industry Federation (CIF) and director of MMD Construction, Cormac Smith has called for the Dunkettle Interchange and the N28 to Ringaskiddy to be fast-tracked to construction in light of Brexit.
Brexit will cut UK routes to continent
Speaking at the CIF Cork Annual Construction Dinner in Fota Island Resort Hotel, Construction Industry Federation Cork Chairman Cormac Smith said: “Many of our exports, especially those from the agri-food and pharma sector, are currently being exported to continental Europe via the UK. However, with Brexit this option will no longer be possible. We will need to export a significant amount of our produce directly to continental Europe. We are in the lucky position here in Cork that the Port of Cork is the closest National Tier 1 Port to continental Europe. We now need to provide the infrastructure to allow the capacity of Port of Cork to grow, to ensure that our exports can reach their markets in the most cost competitive manner possible.
Dunkettle Interchange & N28 Ireland’s most important infrastructural projects
“The planned road projects to the Port of Cork, the Dunkettle Interchange and the N28 to Ringaskiddy, have therefore become Ireland’s most important strategic infrastructural projects. These two projects can no longer be talked about in terms of possible delivery dates. These projects must now be delivered in a much shorter timeframe than originally planned for.
“As a country we now have a short timeframe to put in place the necessary infrastructure to protect ourselves from some of possible negative effects of Brexit.
“There are of course many other positives to these two infrastructural projects for Cork’s economic development, but we are now in a situation where they have become Ireland’s most important strategic infrastructural projects.”
Construction Industry Federation Cork
The CIF is the representative body for the Irish construction sector. The Cork Branch of the CIF represents over 300 members in the region, involved in construction activity employing nearly 13,000 personnel. In Cork it is estimated that the annual value of construction output is €1.5 Billion.
Construction currently 8% of Ireland’s GDP
The Irish construction industry currently accounts for 8% of Ireland’s Gross Domestic Product (GDP) employing 136,000 people nationally with a total output value of €15 Billion.
In other European countries the average output value of construction stands at between 12-15% of GDP. The Irish construction industry therefore has significant capacity to expand, with investment in infrastructure key to any such expansion.
The CIF Cork Annual Construction Dinner is the largest social function for construction industry in Cork with over 300 attendees from all sectors of the industry.