Oireachtas Joint and Select Committees

Thursday, 5 October 2017

Public Accounts Committee

IDA - Financial Statement 2016

9:00 am

Mr. Martin Shanahan:

In answer to the Deputy's first question on whether there is a timeline for which a job has to be sustained, the answer is, yes, two years, albeit we pay ConnectIreland upfront and on the basis that it will be kept for two years. It is only if it is not that we claw back that money.

On the dispute, it is a ConnectIreland dispute with the IDA. IDA Ireland is not in dispute with ConnectIreland. ConnectIreland lodged a dispute notice, which it is entitled to do, with the IDA. There is a clause in the contract which allows for this and which sets out how it should be resolved, and it is for ConnectIreland to progress that matter.

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