The housing minister says the government will try to recover money from businesses responsible for defective Mica blocks.
A redress scheme to repair thousands of homes could cost over €1.5 billion.
Government Will Improve Scheme After Protest
After huge crowds of affected homeowners took to the streets of Dublin yesterday, it looks like the Mica redress scheme will now be improved.
But one big question remains: with a potential final bill of over €1.5 billion, who will pay.
Housing minister Darragh O’Brien says businesses should contribute.
"But also about the response of other stakeholders."
"I would say this about the insurers and also of course the banking sector."
"So the state does need to leave options open for it to be recompensed if we can do that legally."
We Need To Overhaul The System
While barrister and building defects expert Deirdre Ni Fhloinn says Ireland’s system for dealing with construction problems needs to be overhauled.
"However we do it, whether it's people having money in the bank, insurance products, bonding."
She adds, "however we do it, that you have money in place to deal with defects."
The Banking and Payments Federation says it’s waiting to see what changes the government will make to the redress scheme.
While the Irish Concrete Federation and Insurance Ireland have not responded to multiple requests for comment.
