Catherine Connolly (Galway West, Independent) | Oireachtas source

Second, capital investment is extremely low at approximately 4%, which is a point I meant to make. On capital, we have an extraordinary situation in Galway where a hotel remained derelict for a very long time. It would have been ideal accommodation for the Galway-Mayo Institute of Technology, GMIT. It was never bought. It has been bought now. That was an absolute scandal. A building there is still referred to as a new building 20 years later, such is the dearth of capital investment. Will Dr. Love comment on that and the reason the hotel was not purchased? It is right beside it. It was absolutely perfect. It does not make sense that it went from a State institution to a private person, and into NAMA at some stage.

Finally, what has the authority instituted as a result of Waterford and the two different issues we have heard about? Have the witnesses instituted a review of all the third level institutions to see if there is a conflict of interest and determine what is going on with private companies? Are alarm bells going off in that regard? We have been through this in the Dáil with different issues. An issue was confined to Donegal and then we realised it arose in Cavan with the Garda and so on. It is the same with universities. Nothing is confined to one area. It would be extraordinary for these issues just to be in Waterford. What review has the authority carried out in that regard? Those are the three questions.