Oireachtas Joint and Select Committees
Thursday, 6 December 2012
Public Accounts Committee
2011 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Chapter 6 - Financial Commitments under Public Private Partnerships
Chapter 16 - Central Government Funding of Local Authorities
12:40 pm
Mary Lou McDonald (Dublin Central, Sinn Fein) | Oireachtas source
While I appreciate that information, I am not asking Ms Tallon that question. From the point of view of the taxpayer, I am positing that the State provides the capital to construct these six plants in the case of this firm. In accordance with the contract, it then carries out the construction, operates and maintains. I am not questioning that, as that is sound. In equal turn, the company returns a profit for its efforts. The State has funded the construction phase and the company carries out the work. In other words, we are paying for that and the tab is on the State. The company then maintains and operates the system at a profit. Consequently, the profit it makes is profit forgone in respect of the public system. This is quite a straightforward proposition and is just common sense. I am asking Ms Tallon-----
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