Oireachtas Joint and Select Committees
Thursday, 24 January 2013
Public Accounts Committee
National Transport Authority - Financial Statement 2011
11:10 am
Mr. Gerry Murphy:
It is an upward-only rent review lease. I do not know what will happen then. We are doing the sub-lease for the National Council for Curriculum and Assessment in conjunction with the OPW. There will be a fixed rental for either five or 11 years but we have yet to conclude the agreement. If there is an increase following the rent review, the authority will suffer the extra cost. We will be unable to pass it on.
No comments