The real cost of Ireland’s postal code project, Eircode, is around €38
million and it is not clear the expected benefits will be achieved,
the Comptroller and Auditor General (C&AG) has found.

http://www.irishtimes.com/news/ireland/irish-news/not-clear-if-38m-eircode-benefits-will-be-achieved-c-ag-1.2371170

Download actual document here:
http://www.audgen.gov.ie/documents/annualreports/2014/report/en/report%20on%20the%20accounts%20of%20the%20public%20services%202014.pdf

See page 149 onwards
Lots of juicy details

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