The new report from the C & AG reveals that the original projected cost for the modular homes project has ballooned from €100m to €289.3m, signifying a staggering increase that highlights the failure in cost estimations and project management.
Despite the urgency of providing housing for 2,000 refugees, the OPW led project only delivered the first 500 units 17 months later than planned, indicating significant delays and management issues.
The estimated cost per residential unit has surged from an initial €200,000 to around €442,000, marking an increase of nearly 120%, thus exacerbating concerns regarding financial oversight in the housing program.
The C&AG's report underscores that 'significant project cost overruns have occurred,' revealing a troubling trend of mismanaged public funds amid the pressing housing crisis for refugees displaced by conflict.
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