Little Island Tidal Barrier Public Private PartnershipPPP, Design Build Finance Operate and Maintain DBFOM €200m20,000 potential
Blackrock Tidal Barrier €80m
16,000 potential
The initial budget for the OPW Cork LLFRS project started at €20 million and has now reached up to and over €200 million. The similar (but smaller) OPW Walls Scheme
for the River Nore began at €13 million and rose to a real contract figure of €47 million (3.6 times), as noted in Chapter 4 of the Comptroller and Auditor General’s
Report on the Accounts of the Public Services, 2013. An increase to 360% is an alarming prospect for a Walls Scheme that could severely reduce the economic potential
of Cork City. Although the OPW may have since then improved their budget management, it is noted that they have not yet embarked on a wall project of such
complexity or scale, involving the challenging ground conditions and water regimes that are present in Cork and therefore it would be prudent to expect that significant
cost overruns are not only possible, but probable. Groundwater issues still aren’t dealt with and the circumstances suggest massive overruns in cost. The estimates are
now at almost €100,000 per property for the LLFRS and growingat a final highly conservative cost of €210m.Midleton is predicted at €58,000 per property.
Skibbereen carried out at €120,000 per property far above estimates. Almost no properties flood on Morrison’s Island in Cork and as a stand-alone project it has
limited capacity to work.As stated by Prof R Devoy and Prof P O’Kane. See also Ground & Groundwater Report by A Beese. Estimates show cost at Morrison’s Island
could be up to €800,000 per property as many property owners demonstrate groundwater rising inside buildings in tidal events and do not recognise the claims of the
scheme. *schemes in Bandon, Skibbereen and Fermoy have failed on different occasions.Figures are based on available information.