Oireachtas Joint and Select Committees

Thursday, 13 December 2012

Public Accounts Committee

2010 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Chapter 6 - Financial Commitments under Public Private Partnerships
2011 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Chapter 6 - Financial Commitments under Public Private Partnerships
National Development Finance Agency Financial Statements 2011

11:50 am

Mr. Steven Burgess:

If I may, I can speak on the third level programmes. As stated by Mr. Murphy, we do not have visibility on the numbers for the other projects as we are not the procuring authority and do not know the expenditure levels in that regard. In respect of the third level programme that was cancelled, as reported in the Comptroller and Auditor General's report the cost of the cancellation of that project was €5.7 million in respect of enabling costs. In addition, some €4.4 million of cost was expended on consultancy costs. I would venture to say that that €4.4 million is lost to the State. The €5.7 million relates to physical works, seeking and obtaining planning permission and so on. I would venture to say that a significant portion of this money was expended on Waterford Institute of Technology in respect of the temporary accommodation required and works to be demolished. There was also a cost for a new park and ride facility, which stands the institute in good stead. I would say approximately half of that amount is lost to the State. We can revert to the committee with a more accurate assessment of the enabling costs at a later date.

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