Dáil Éireann Debate, Tuesday - 3 November 2009
283 Deputy Bernard J. Durkan asked the Minister for Finance the cost of the proposals on decentralisation including the cost and or acquisitions of buildings, sites or other development costs associated therewith; the degree to which disposal of surplus building has been achieved; the prices received; if they were in line with market trends; and if he will make a statement on the matter. [38140/09]
View answerThe total amount of expenditure on the property aspects of the programme is approximately €321m. This is comprised of the costs of site/property acquisitions, fit out works and rent of approximately €315m expended by the OPW up to the end of July 2009, together with some €6m incurred directly in respect of property costs by other organisations.
The property costs have been offset by the sales/reallocation of some €556m. Of this, €356m has been received from property sales while transfers to the Affordable Homes Partnership account for a further €75m. In addition, the OPW has agreed joint venture redevelopment schemes with an approximate value of €125m, subject to current market fluctuations.
The total expenditure on non-property costs to the end of June 2009 for all decentralising organisations is approximately €14.5m. In addition the OPW has recently advised that its spend to date on staffing costs on the property aspects of the Programme up to June 2009 is €12.6m.
