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
11:10 am
Mr. Robert Watts:
The current provider has had the lottery since 1986 or 1987. We decided to put in place a competitive tendering process. After debating the matter and taking advice on it, we decided to require a payment upfront, in addition to a percentage of revenue. The contract will differ from what was previously in place. From memory, approximately €230 million or €240 million is spent on good causes. I do not want to say too much about the contract because we are still evaluating the bids but the contract is structured in a way that provides clear incentives for operators to grow the business. We will get a share of the growth to spend on good causes. We are trying to align the incentives in a way that offers the best return for all involved.
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