Two serious problems confront Ireland and Northern Ireland concerning investment infrastructure:

– Lack of available capital
– Requirement for sustained investment in critical infrastructure to permit essential economic growth and the maintenance of international competitiveness

The report recognises that the current reduction in construction prices presents an opportunity to secure significant reductions in the non-construction costs of projects. These are reported to be in the order of 35% of construction costs. By streamlining processes and procedures for land acquisition, planning, public procurement, institutional arrangements, training and skills, funding and financing mechanisms and through synergies between projects in Ireland and Northern Ireland, major cost reductions can be achieved.