Ireland’s position as a strong economy has often been highlighted, although the ‘Celtic Tiger’ image was seen by many as illusory, as the real economy gained less from headline GDP statistics than global firms based in the country due to low corporation tax rates.
Nonetheless, economic analysts continue to talk up Ireland as an.economy with a strong performance and one area of activity that appears set for a very prosperous time in the construction sector. Digger dealers could have very busy order books.
In particular, Dublin seems set for a construction boom over several years, driven both by civil engineering projects and the private sector. Whether it is transport projects, new housing or offices, there are lots of projects underway or planned and in high demand.
The Dublin Enquirer recently highlighted the downside that the next decade could bring some disruption as a result of several transport infrastructure projects in the city region. But that also draws attention to the fact that they are happening.
These include:
Work on two bus corridors connecting with the city centre beginning this year, the first to Liffey Valley and the second to Ballymum and Finglas
Work will start on another bus corridor between the city centre and Clongriffin next year
Enabling works have commenced on the Dart + West project, doubling the number of trains from Maynooth to the city centre and electrifying the line
In addition to these projects, there is the Dublin MetroLink, the first Underground line in the capital, while even beyond Dublin, the recent announcement by the government of a 13 per cent increase in the roads budget promises plenty of work nationwide.
The expansion of Dublin’s transport ties in with a wider boom in the local economy. As Bis Now reports, office demand is surging and this has led to developers turning their plans towards a rise in speculative development.
Add to this the need for more housing, which will require the residential part of the construction sector toraise its output significantly from current levels, and there can be little doubt that Dublin is set to be a busy place for builders for many years to come.
https://www.focus-economics.com/countries/ireland/
https://m10news.com/irelands-housing-crisis-inside...
https://www.bisnow.com/dublin/news/commercial-real...
https://www.tii.ie/en/news/press-releases/minister...
