New ACEI president calls for regional Investment
Newly elected ACEI president Conor McCarthy, a director of consulting engineering firm Jennings O’Donovan, believes that the Government needs to increase and not reduce spending on major infrastructure projects, in the face of any recession caused by the COVID-19 pandemic.
Mr. McCarthy is taking up the role as president of the Association of Consulting Engineers of Ireland, (ACEI) at a particularly challenging time for consulting engineering firms and indeed for society in general due to the impact of the pandemic.
Mr McCarthy said: “There is a real and genuine worry among the consulting engineering sector that Government will scale back on investments in infrastructure projects due to the potential impact of the coming recession. I believe the ACEI needs to be advocating for a directly opposite approach to this.
“The cost of borrowing for capital projects is lower than ever. I will be advocating for an increase in the level of spending in public capital investment and use the aftermath of this public health crisis as an opportunity to stimulate economic recovery.”
Mr McCarthy said that the underlying challenges that existed before the crisis still remain. The population is still projected to grow by an additional one million people by the year 2040.
He added: “Significant investment is still needed in housing, healthcare, education, transport, utilities including water and wastewater, in renewable energy and in infrastructure. Regional imbalance across our country remains a serious challenge.
“We are more reliant on our capital city, Dublin, than any other country in the EU. Addressing years of under-investment particularly in digital and transport infrastructure and in third level education in the regions and along the Atlantic Economic Corridor is essential to overturn this imbalance to support the longer-term development of the regions and promote balanced regional growth.”
The health of workers will also be a priority for Conor as he takes up his role. He said: “I know remote working has benefits for many in terms of efficiency and reduced travel times. However, it is not for everyone. As business leaders, we need to be conscious and aware of the potential negative impact on our staff and ourselves in terms of balancing home life with work expectations.”
The ACEI represents the business interests of over 100 member firms and their 4,000 employees. This is the first time for a representative from a company in the North West of Ireland to become President of this long-established national organisation.
Commenting on his appointment, which was ratified by the ACEI he said it was an honour for Sligo-headquartered Jennings O’Donovan and for him personally.