Oireachtas Joint and Select Committees
Thursday, 24 January 2013
Joint Oireachtas Committee on Finance, Public Expenditure and Reform
Overview of Economy and Funding Requirements: Discussion with NTMA
2:35 pm
Mr. John Corrigan:
It does, and it a varies from business to business. Each business has discrete business objectives. As I said, the NPRF is the pot of capital which, under the old pension fund arrangement, was diversified globally, as would have been the case with any normal pension fund. The requirement now is to refocus that entirely on Ireland. We would hope that the full €6 billion of the remaining balance in the fund will be fully invested in commercially viable projects in Ireland in the coming years.
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