Oireachtas Joint and Select Committees
Thursday, 18 July 2013
Joint Oireachtas Committee on Transport and Communications
CIE Group Financial Situation: Discussion with Group Management
3:50 pm
Mr. David Franks:
In the final negotiations. We ensured that when negotiating the contract, we knew exactly what it would cost us to operate. If necessary, we would have withdrawn the tender and undertaken the work ourselves. We have achieved an improvement on the current contractual terms. We will make savings. In my address, I made the point that we were examining all of our contracts to generate savings. This forms part of our approach to tackling the company's financial problems.
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