Oireachtas Joint and Select Committees

Thursday, 7 November 2013

Public Accounts Committee

Bord na gCon - Annual Accounts 2011

11:40 am

Mr. Adrian Neilan:

From memory, it was April-June 2007. The contract was not signed until 2008. We knew from the heads of the agreement what the terms of the contract were. It was always clearly understood at that point in time that what was being provided was a carpark for €1.1 million and 11.25 acres. That was the contracted term. The provision of fill was on a best efforts basis because anybody who effectively had a construction site that could be filled was in a very enviable position back in 2007, so it made perfect sense. It was never part of the contract of sale and it was never going to be.

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