The Construction Industry Federation (CIF) is hosting its annual conference today at Croke Park in Dublin, with a key focus on tackling the challenges posed by Ireland’s growing population. The CIF is urging the government to prioritize increased funding for essential infrastructure in Budget 2025, particularly in the areas of water, wastewater, and electricity.
According to the CIF, the nation needs to construct at least 60,000 new homes annually to meet rising demand. However, the federation warns that without adequate infrastructure connections for water and electricity, the industry cannot scale up housing production effectively.
Hubert Fitzpatrick, Director General of the CIF, emphasized the necessity for a structured, plan-led approach to infrastructure development. “In Budget 2025, there must be a greater allocation of ring-fenced capital and maintenance investment in Ireland’s water and wastewater infrastructure with meaningful commitment to multi-annual budgets,” Fitzpatrick stated.
He also highlighted that developing infrastructure is crucial not only for housing but also for attracting foreign direct investment (FDI), promoting economic growth, and creating jobs. “Lack of such capacity will result in our foreign direct investment companies looking elsewhere, which would be a major loss in terms of the further development of our country,” he cautioned.
Furthermore, Fitzpatrick pointed out the importance of investing in robust data infrastructure to maintain Ireland’s global competitiveness. “In building infrastructure that fosters economic growth and supports technological advancements, we cannot afford a limited perspective. Failing to invest in robust data infrastructure risks us falling behind in global competitiveness. To stay ahead, we must create an environment where technology can thrive,” he added.
The CIF’s call for increased funding and strategic planning comes at a critical time, as the demand for housing and infrastructure continues to rise in tandem with population growth. The outcomes of the conference may influence governmental policy and investment decisions in the upcoming budget, shaping the future landscape of Ireland’s construction industry.
As the conference unfolds, industry leaders and stakeholders are expected to engage in discussions that will help guide the future of infrastructure development in Ireland, ensuring that the necessary resources are allocated to support the nation’s growth and economic stability.