July 31, 2009

The Construction Industry Federation said it would consider the Government’s legislation on the new assets management agency in consultation with its members.In a statement, the CIF said it supported the “major restructuring” of Ireland’s banking system and wider economy, of which Nama was an important part.

“Restoring international investor and consumer confidence in our banking system is not only a priority but a vital pre-requisite for recovery in construction and all sectors of the economy,” the organisation said.“The federation will study the draft legislation in detail and will respond once its deliberations have been concluded.