Pearse Doherty
Question:271. Deputy Pearse Doherty asked the Minister for Finance the latest estimate for the cost of the new Central Bank of Ireland building; and if he will make a statement on the matter. [18218/15]
View answerTuesday, 12 May 2015
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Under section 6B of the Central Bank Act 1942, as amended, the Central Bank Commission is responsible for administering the provision of accommodation and office and other equipment with a view to enabling the Central Bank to perform and exercise its functions and powers. As Minister for Finance I have no role in the matter.
The Central Bank has a dedicated page on its website (http://www.centralbank.ie/about-us/newbuilding/Pages/Ournewbuilding.aspx) which provides updates on the progress of the project, including the project costs. I have been informed by the Cental Bank that it will continue to provide updates to the website as the project develops. Recent project updates include the appointment of Walls Construction Ltd as Main Contractor on 13 April 2015. Pre-construction works began on site in April 2015, with construction works commencing in early May 2015.
I have been informed by the Central Bank that the total estimated development costs are approximately €140m (inclusive of VAT) which includes land acquisition costs, development levies and estimates for construction costs, furniture fittings and IT/AV works, design team professional fees, insurance and other related costs.