Oireachtas Joint and Select Committees

Thursday, 12 December 2013

Public Accounts Committee

Special Report No. 77 of the Comptroller and Auditor General - Dublin Docklands Development Authority: Discussion (Resumed)

12:10 pm

Mr. Seamus McCarthy:

To assist the Deputy, the legislation in relation to the Dublin Docklands Development Authority's capacity to borrow specified a limit of £100 million at the time the legislation was passed, which was equivalent to €127 million. Up to then it had only finance sanction to borrow up to £50 million so what it wanted to do was extend it to the full amount allowed by law.

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