Oireachtas Joint and Select Committees

Thursday, 9 October 2014

Public Accounts Committee

2013 Annual Accounts of Shannon Free Airport Development Company

12:25 pm

Photo of Joe CostelloJoe Costello (Dublin Central, Labour) | Oireachtas source

There seems to be an anomaly. Shannon Development carried out a review of all of its properties and determined those that were impaired and that had to be revalued upwards.

The only ones that are sold are ones that have been in receipt of individual expressions of interest from individual business people. It does not seem to be done in an holistic fashion. It seems to be very piecemeal, considering the restructuring of Shannon Development.

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