Oireachtas Joint and Select Committees

Thursday, 10 November 2016

Public Accounts Committee

Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed)

9:00 am

Mr. Declan Reid:

There is the recurring item of the financial performance of NAMA when we talk about its month to month progression. We always talk about the transaction pipeline, the creation and potential disposal of portfolios over time. As NAMA has progressed, we have talked about meeting debt redemption requirements and the progress towards meeting them. We now talk more about the strategic development zone in the Dublin docklands and the housing funding programme. We are in the middle of a DG Competition case in that regard and talk quite often about our engagement with it. Essentially, there are a few set items that are topical. There are then other peripheral items that may come up in the context of parliamentary questions, media reports, etc., that we want to try to understand. We bring them into the discussion.

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