A Clare Independent TD is concerned there could be a domino effect for small contractors attached to Roadbridge, following the company entering into receivership last week.
Scariff Deputy Michael McNamara is concerned that the receivership process will only protect the interests of the larger entities associated with the civil engineering company, leaving smaller suppliers at risk.
Receivers took control of Roadbridge on Friday, with estimates the company could owe as much as €40m to sub-contractors and suppliers.
The Limerick firm, which was set up in 1967, is a huge employer in the region, with around 630 staff on their pay-roll.
In addition to this, the company engages a large quantity of sub-contractors and suppliers – with one of the largest projects currently attached to Roadbridge being phase one of the Northern Distributor Road from Coonagh to Knocklisheen.
However, Independent TD Michael McNamara is concerned that smaller contractors will be overlooked in the receivership process and could be forced to close themselves if they’re required to suffer the los of the money owed to them.
The Scariff Deputy is calling on the government to ensure that every measure is taken to protect all companies attached to Roadbridge, not just the largest bodies.
Clare’s Fianna Fail TD says it’s vital that favourable conditions are agreed for the workers of Roadbridge and that key projects contracted to the company are protected.
Concern has also been expressed that the estimated completion of phase one of the Northern Distributor Road from Coonagh to Knocklisheen by August will be delayed.
Meelick Deputy Cathal Crowe says every effort must be made to ensure the timeline for delivery isn’t impacted.
