Oireachtas Joint and Select Committees
Thursday, 23 February 2017
Public Accounts Committee
2015 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 31 - Transport, Tourism and Sport
9:00 am
Mr. Dominic Mullaney:
Yes. There are actually three different types of contract. In the first, the contractor carries all the risk regarding traffic. That was the original batch of PPPs. The one we have now is simply availability payments and the contractor is not carrying any risk in relation to what traffic uses the road. Then there were two schemes which were part of the first batch but were too large to have the normal arrangement so that one would not get contractors to carry the risk. Those two, because of their size, were subject to this traffic guarantee payment and the risk was split between TII and the-----
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