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‘Sustainability and infrastructure key to Irish construction’

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Mace has published its forecast of challenges facing Irish construction in the year ahead – but said investment opportunities could exist in sustainability and infrastructure work.

aerial view of motorway with junctions
by Rory ButlerMarch 20, 2023

Mace has published its forecast of challenges facing Irish construction in the year ahead – but said investment opportunities could exist in sustainability and infrastructure work.

Its Ireland Market View follows a challenging year for the sector, with firms reporting soaring costs for materials and energy, as well as stark labour supply.

It also comes amid British prime minister Rishi Sunak publishing the Windsor Framework, a post-Brexit deal with the EU outlining trading arrangements with Northern Ireland.

The Mace report forecasts prolonged high inflation for Irish contractors impacting fuel and materials.

It also warns of slowed project delivery due to skills shortages.

However, the report also identifies opportunities for the sector, with the need to improve building efficiency through retrofitting and the ongoing demand for maintenance, and construction infrastructure expected to provide a boost to the sector over the next 12 months.

“Despite ongoing challenges for the sector, there is plenty to be positive about for the construction industry in Ireland,” said Andy Beard, global head of cost and commercial management for Mace Consult.

“The Irish Government has ambitious plans, particularly around energy, utilities and transport. Such investment is vital to reach carbon-neutral targets.

“However, to successfully complete all of these schemes, the government will require an intelligent approach to skills shortages.”

To download the Mace report, click here.

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