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)
12:30 pm
Kieran O'Donnell (Limerick City, Fine Gael) | Oireachtas source
I will finish the point. That the DDDA was seeking to double its borrowing limit would clearly have indicated to me that the proposal was significant and unique, in terms of its content and size, for Dublin docklands. Before the authority entered into the deal, it should have sought an independent valuation – if not one, perhaps two. The independent valuations were based on June 2005 and, effectively, the period after the bid. Is that correct? Both were by the same company. Things were clearly rushed but it was significant. I ask Mr. Maloney to deal with my first point first, and then my second point.
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