A city councillor says the local authority has learned from massive overspending on capital projects over the past several years, including an East Waterford development that went six times over budget.
The dredging of Passage East harbour was originally to cost eighty-four thousand euros – but it instead came in at five-hundred-and-seventy-five-thousand euros.
It’s among a number of projects that ballooned in cost, with Waterford City and County Council now having the fourth highest deficit among local authorities in the country.
Fianna Fáil’s Eddie Mulligan says the dredging’s increased cost can be put down to two reasons.
Number one that the amount of material that had to be removed was twenty five percent more than what was originally tendered for.
Secondly the costs that were imposed following enforcement procedures by the Environmental Protection Agency in relation to the removal, transportation and landfill fees associated with the materials that had to be removed.