The Government is to use expertise from a State agency to help speed up infrastructural projects.
The first projects which will benefit from the move will be the redevelopment of the GPO on Dublin’s O’Connell Street and the National Concert Hall in Earlsfort Terrace.
The National Development Finance Agency is to support government departments in the delivery of capital projects.
This follows a memo brought to Cabinet by Minister for Public Expenditure Jack Chambers and Minister for Finance Simon Harris.
New Ministerial Guidelines will be issued to every department and departments will be asked to identify suitable projects which could benefit from the new service.
The Cabinet was told today this could shave months off the development cycles of major capital projects.
The new role for the National Development Finance Agency will reduce the need for external consultants.
The agency will provide corporate governance arrangements for projects, preparation of businesses cases and support through the construction phase of projects.
