Dáil Éireann Debate, Thursday - 22 June 2017
73. Deputy Michael McGrath asked the Minister for Finance the initial budgeted cost of moving the Central Bank to its new headquarters by relevant segments; his estimate of the cost; the amount spent to date, in tabular form; and if he will make a statement on the matter. [29405/17]
Amharc ar fhreagraI am informed by the Central Bank that the total development cost of the new Central Bank building and moving staff to the Dockland Campus will be circa €140m (inclusive of VAT), in line with the budgeted figure. This figure includes all costs incurred on the project including site purchase, construction, furniture and fit out, IT, Security, Design Team, etc.
I am also informed by the Central Bank that while not all cost negotiations have concluded, as is standard in projects of this scale, the total cost of the project will be within the agreed budget. To date, the Bank has spent €127m on the project.
A detailed breakdown has been published on centralbank.ie and shows total payments made and amounts due for payment on the project as at end of March 2017. All spend is broken down on a supplier basis.
On the conclusion of all cost negotiations, a final detailed breakdown will be published confirming final spend.
