Oireachtas Joint and Select Committees
Thursday, 20 November 2014
Public Accounts Committee
2013 Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 22 - Courts Service
10:50 am
Mr. Brendan Ryan:
No. Some 57% of the cost of the 25 year contract is fixed in that it relates to design, construction, etc. The other 43% is subject to indexation. Based on the current rate of inflation, we estimate that the cost over the 25 years, inclusive of VAT, will be approximately €623 million. Excluding VAT, the total amount is €565 million.
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