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

Photo of Peter BurkePeter Burke (Longford-Westmeath, Fine Gael) | Oireachtas source

That is the point I am getting at. Mr. Collison said he recalls that it was discussed but the evidence particular to Project Eagle does not stack up in respect of the clear detail of why a departure was taken. When one looks in detail at the board paper from December 2013 on page 42, NAMA used a 2.5% discount rate as well as a 5.5% for Northern Ireland. That is confusing for people who are trying to ascertain a departure from the 5.5% rate when the cashflow projections in one of the Mr. Collison's papers uses a 2.5% discount rate.

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