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)

1:10 pm

Photo of Kieran O'DonnellKieran O'Donnell (Limerick City, Fine Gael) | Oireachtas source

I draw the committee's attention to a key point.

Had this project not gone ahead, additional funding of €52 million would have been available to the Dublin docklands for projects and amenities for people in the area. Any money the DDDA earns in its final incarnation goes back to the Exchequer. The whole thing appears to have been enormously rushed. When things are rushed, normally alarm bells go off in people's heads and they pull back. Did it not strike Mr. Maloney that all these different things were happening? Different banks were being brought in. This is not personal about anybody. Different developers were being brought in at the eleventh hour. There were variations in value and differences in letters going to the Department and property valuations. Did it not strike Mr. Maloney that he should pull back from this? It was an enormous project. Did it become a vanity project for Mr. Maloney?

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