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Wed 07 Jul 2010Cuts will have 'catastrophic effects'
COMMITTEE REPORT:ANY FURTHER cuts to the Government’s investment in infrastructure will have “catastrophic effects” on the economy, the Construction Industry Council has told an Oireachtas environment committee.
By next year, output from the construction sector is set to have fallen to just €7 billion from a height of €37 billion in 2007, which represented a “serious underspend” by Government departments, council chairman Eamon Timoney said.
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