PSD dips into reserves in first year of airport work
Wednesday 30th January 2013, 1:00PM GMT.
PUBLIC Services has been forced to dip into some of its contingency reserve during the first 12 months of the airport project, it has confirmed.
But client project manager Gerry Prickett said the outlook was positive, as the department had spent less than half of the £9.7m. set aside, with 50% of the permanent works complete and 70% of the materials already delivered.
The contingency reserve within the £80.4m. project is earmarked for known and potentially unknown risks that could materialise during the works – an example of this was costs incurred following a delay of construction work due to the 49 planning conditions placed on the temporary dock at Longue Hougue.
Public Services minister Paul Luxon will update deputies on progress in a statement at today’s States debate.
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