Oireachtas Joint and Select Committees

Thursday, 5 February 2015

Public Accounts Committee

Vote 25 - Department of the Environment, Community and Local Government
Chapter 6 - Land Aggregation Scheme
Chapter 7 - Matters Arising from Audit of Vote 25 - Environment, Community and Local Government in Relation to Water Services

10:00 am

Photo of Seán FlemingSeán Fleming (Laois-Offaly, Fianna Fail) | Oireachtas source

That is the PPP end of it. They are the current operational contracts and matters at design stage that Ms Graham said were done. The bigger issue, however, is the approximately €11 billion of fixed assets that have been out there over a period of time, in respect of which there is only €650 million, with a possible liability. We need a breakdown of that €11 billion. In other words, it is possible that we have €11 billion, or thereabouts, of assets. It is also possible that we currently have live contracts of almost another half a billion euro. In addition, we will have a figure for the value of the PPPs, aside from annual operation costs, which could be anywhere from €1 billion to €2 billion. We do not know; we will wait and see. Therefore, the probable total transfer, when they are all added up, will be in the order of €12 billion or €13 billion approximately.

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