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
2:00 pm
Mr. Ronan Mulhall:
It involves an examination of the project over its lifetime. The National Development Finance Agency, is better placed to explain its methodology but essentially it comes to a cost for the entire project over its lifetime. It finds a benchmark over the project's lifetime, including its operational lifetime, and states it equates to X and then compares this to the proposed project agreement and PPP arrangement with the private partner.
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