Oireachtas Joint and Select Committees
Thursday, 24 September 2015
Public Accounts Committee
Technological University for the South East: Report
10:00 am
Mr. Seán Ó Foghlú:
The Deputy mentioned the debt overhang. It was unfortunate that we had to loan WIT the money and we have had an investigation about it. Arising from the investigation, the Minister made a decision to invest the money. We recognise that WIT is in a difficult position and WIT has asked us to re-examine the repayment schedule. While we are examining it, we have not agreed a revised repayment schedule.
PJ Coleman
Posted on 2 Oct 2015 3:34 pm (Report this comment)
Loan to WIT is over 10 million at this stage, see previous PAC meeting in January 2015.
https://www.kildarestreet.com/committees/?id=2015-01-22a.56#...