Oireachtas Joint and Select Committees

Thursday, 23 March 2017

Public Accounts Committee

2015 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 26 - Education and Skills

9:00 am

Mr. Seán Ó Foghlú:

Ms Leonard can correct me if I am wrong but my understanding is that these financing arrangements are entered into by the bidders. They enter a commitment for the 25 years. The State is not borrowing the money, the bidders are, so it is not something that we can intervene in.

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