Oireachtas Joint and Select Committees

Thursday, 24 January 2013

Public Accounts Committee

National Transport Authority - Financial Statement 2011

12:10 pm

Photo of John McGuinnessJohn McGuinness (Carlow-Kilkenny, Fianna Fail) | Oireachtas source

How can Mr. Murphy believe Irish Rail in particular or the CIE group of companies when their accounts are in such a mess? Essentially, that is the point being made this morning. That is a massive loss of taxpayers' money, and it is a huge amount of money. A company in the private sector would be broke if it did that and here is this company showing gross inefficiency and poor quality in terms of information on which it would base its projections and purchases and Mr. Murphy, as an organisation, and this is no disrespect to Mr. Murphy - I am just trying to get my head around the idea that all of that can be almost ignored - increases the fares instead of saying to the company, "I am sorry. There will be no future increases in fares until such time as you get your house in order. You are squandering taxpayers' money. You are grossly inefficient. You are providing a poor service and I will not increase your fares."

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