Oireachtas Joint and Select Committees
Thursday, 7 February 2013
Public Accounts Committee
2011 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 32 - Department of Transport, Tourism and Sport
Chapter 6 - Financial Commitments Under Public Private Partnerships
Chapter 26 - Collection of Motor Taxation
Financial Statements 2011 - National Roads Authority
1:00 pm
Mr. Tom O'Mahony:
Yes and it must manage cash very tightly to stay within it. Part of the process it is discussing with the banks currently is to enable it to have working capital so as to be able to more comfortable over the year as it moves to reducing the losses. It is negotiating with regard to increasing the facility with the banks. Currently the limit is €107 million and the company cannot exceed that.
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