THE Construction Industry Federation (CIF) has called for a major investment in infrastructure in Cork, saying projected population growth between now and 2040 will lead to huge demand.
Aidan Mangan, chairman of CIF’s Cork branch, made the comments on Friday night at the CIF dinner in the Rochestown Park Hotel.
“Our clients will want new railways, a new light rail from Ballincollig to Mahon, new cycleways, new footpaths, new apartments, and high density [housing] in our urban centres, the retrofitting of existing residential and commercial premises to become more energy efficient, converting vacant premises to residential uses, especially those above retail, new data centres, new solar energy farms, new windfarms... there is an endless list of possibilities for our industry,” he said.
Mr Mangan called for policy changes to support the construction industry. He said urgent changes were needed to housing policy to address shortages.
“We need more investment in social housing as part of the mix, but we also need practical changes such as a reduction in Vat, development levies, bonds etc, to make it viable for our industry to develop more houses for the first-time buyer in the price range of €230,000 to €320,000. If taxes were reduced we could deliver units in the price bracket that people can secure their mortgages for.”