Oireachtas Joint and Select Committees
Tuesday, 25 October 2016
Public Accounts Committee
Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed)
10:00 am
Bobby Aylward (Carlow-Kilkenny, Fianna Fail) | Oireachtas source
Section 2 of the paper sets out the challenges of an open market process and the advantages of a closed transaction. A number of risks of a closed sale are also set out in paragraph 142. The paper states that in summary while it would be possible to openly market the loans, the scale of the project would mean careful planning, budget management and execution. This suggests that assets recovery had a bias against an open competition. Why did you adopt this approach in the paper?
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