Oireachtas Joint and Select Committees
Thursday, 3 April 2014
Public Accounts Committee
2012 Annual Report of the Comptroller General and Appropriation Accounts
Vote 11 - Office of the Minister for Public Expenditure and Reform
Vote 12 - Superannuation and Retired Allowances
Chapter 3 - Financial Commitments under Public Private Partnerships
Chapter 4 - Vote Accounting
Chapter 5 - Vote Budget Management
11:40 am
Mr. Robert Watt:
I do not know if it is of that magnitude. The issue is that the structure of PPPs for wastewater projects is different. It is more build, design, operate, BDO, than build, design, operate and finance and, therefore, the upfront capital costs are not embedded in the unitary charge. A sum of €600 million sounds about right.