Oireachtas Joint and Select Committees

Thursday, 18 July 2013

Joint Oireachtas Committee on Transport and Communications

CIE Group Financial Situation: Discussion with Group Management

3:00 pm

Photo of Patrick O'DonovanPatrick O'Donovan (Limerick, Fine Gael) | Oireachtas source

In the first contribution that was made, reference was made to sale of the interests in Spencer Dock. Can Ms Jupp elaborate on how much was realised? Witnesses must excuse my ignorance, as I am from the country. Was that a historic CIE site or was it bought recently? If it was bought recently, when was it bought and how much was paid for it?

In respect of the €36 million, could Ms Jupp give us a breakdown as to where that went in terms of the three companies and CIE itself? All four witnesses mentioned the reduction in the cost base that was required and I think one contributor said that those that earned the most must contribute the most. Excluding the people who are currently being balloted, could Ms Jupp give me an indication of how the company's management contributed to the recovery of the company? Could she give me figures on the extent to which management costs have been reduced in each of the four companies in the past two years?

Will Ms Jupp indicate, given the company's financial position, how the chief executives' salaries have been affected in the past five years? All our salaries, including the Taoiseach's, are bandied about here regularly.

Being from the country, I am interested in the situation on the Limerick-Galway railway line, and others may be interested too. One can get from Limerick to Galway faster by bus than by rail. Last weekend local media in Limerick reported on this issue. Does Iarnród Éireann have any plan to make that rail corridor more attractive to people? I recently received correspondence indicating that the rebranding of Irish Rail, specifically the new logo, was costing approximately €50,000. Will further costs be incurred for rebranding in the companies?

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