I propose to take Questions Nos. 242 and 243 together.
As the deputy is aware, Government policy and the IDA strategy both recognise that the timely provision of appropriate, innovative, and cost-effective property solutions that meet the needs of multinational companies at the forefront of a modern economy remains essential to winning FDI. A robust property and infrastructure ecosystem can be the key differentiator in winning FDI projects.
The IDA Regional Property Programme ensures the supply of land, buildings and essential infrastructure in regional locations as required by current and prospective clients of IDA as well as those of Enterprise Ireland and the Local Enterprise Offices. Under its current strategy, ‘Driving Recovery and Sustainable Growth 2021–2024’, IDA is progressing delivery of 19 Advanced Building Solutions (ABS) in regional locations.
Delivery of the IDA Regional Property Programme is dependent on a wide range of external stakeholders and FDI client timelines. Many factors impact on timelines, and capital-intensive property investment projects by their very nature run over multiple years. Against the backdrop of the difficulties experienced in the construction sector globally and despite the impact of Covid and construction price inflation on both works & budgets, IDA has maintained momentum on the delivery of its Regional Property Programme.
Eight properties have been completed since the start of the current strategy. The locations and completion date for each of these is set out in Table 1 below:
Table 1
Building Name
|
Location
|
Completion Period
|
Dundalk AOB
|
Finnabair Business Park, Dundalk, Co Louth
|
Q3 2022
|
Sligo AOB
|
Sligo Business & Technology Park, Finisklin
|
Q4 2021
|
Monaghan ABS
|
Monaghan Business & Technology Park
|
Q3 2021
|
Limerick ABS
|
Raheen Business Park, Limerick
|
Q4 2022
|
Limerick AMC
|
National Technology Park, Limerick
|
Q4 2021
|
Waterford ABS
|
Waterford Business & Technology Park, Butlerstown, Waterford
|
Q1 2023
|
Carlow ABS
|
IDA Business & Technology Park, Dublin Road, Carlow
|
Q4 2023
|
Athlone ABS
|
Athlone Business & Technology Park, Westmeath
|
Q4 2023
|
Additionally, there are 11 further buildings being progressed under the IDA Building Programme which are listed in Table 2 below:
Table 2
Building Name
|
Location
|
Completion Stage
|
Sligo ABS
|
Oakfield Business Park, Sligo
|
Under Construction
|
Galway ABS 2
|
Parkmore, Galway
|
Under Construction
|
Athlone AF4
|
Garrycastle, Athlone
|
Under Construction
|
Mullingar ABS
|
Mullingar, Co Westmeath
|
Contract Procurement Stage
|
Cavan ABS
|
Cavan
|
Contract Procurement Stage
|
Letterkenny ABS
|
Letterkenny, Co Donegal
|
Planning Stage
|
Drogheda ABS
|
Drogheda, Co Louth
|
Planning Stage
|
Tralee
|
Tralee, Co Kerry
|
Design Stage & Planning
|
Longford ABS
|
Longford
|
Site Identification
|
Oranmore
|
Galway
|
Site Identification
|
Castlebar
|
Castlebar, Co Mayo
|
Site Identification
|
Many factors impact on timelines for the delivery of construction projects including, site identification, willing vendors, planning, procurement & a variety of macro-economic factors.
In that regard, the construction industry continues to be impacted by global supply chain and cost inflation challenges. IDA Property Division continues to monitor these challenges and the impact of same on the delivery of the regional property programme. IDA will use its best endeavours to deliver all buildings in a timely manner.