Oireachtas Joint and Select Committees

Thursday, 7 November 2013

Public Accounts Committee

Bord na gCon - Annual Accounts 2011

11:20 am

Mr. Adrian Neilan:

The Deputy referred to media reports. Some sections of the media do not carry our responses to questions and have been forced to publish apologies to the organisation in respect of inaccuracies published.

On the Limerick City Council charge, in our budget, as part of the development in Limerick, the expectation was a charge from Limerick City Council would be €350,000. The council actually charged us a development levy of €515,000, which was a large and unexpected charge. As such, I sought to have the charge spread out. The restructuring is on a no interest basis and is being paid over an agreed term. It is prudent financial management.

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