Oireachtas Joint and Select Committees
Thursday, 3 October 2013
Public Accounts Committee
2011 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 7 - Superannuation and Retired Allowances
Vote 42 - Office of the Minister for Public Expenditure and Reform
Chapter 6 - Financial Commitments under Public Private Partnerships
Chapter 12 - Vote Accounting
Chapter 13 - Procurement without a Competitive Process
1:30 pm
Mr. Robert Watt:
Yes, I do. The local authority water projects are design-build-operate as opposed to design-build-operate-finance. If I understand them correctly, the capital costs of projects are funded from the Exchequer and the operating contract is for 20 years. It is the contract for the operating part that is not reflected in the numbers. It is not of the order of €1 billion; it is less than this, but we will find out the figure for the Deputy and come back to him with it. These contracts, design-build-operate, are different from the classic PPP contracts, in which the capital and operating costs are funded by a unitary payment over 20 to 25 years such as in the case of a school. There are questions as to whether they are PPP contracts. The operating element of the contract is a commitment, a liability. I will check the amount for the Deputy.
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