Oireachtas Joint and Select Committees

Thursday, 12 October 2017

Public Accounts Committee

Transport Infrastructure Ireland: Financial Statements 2016

9:00 am

Mr. Seamus McCarthy:

As I understand it, the reason for this is that if it was not done this way by arrangement with the Revenue Commissioners, it would be factored in and effectively make the public private partnership bigger. The public private partnership contractor would end up paying the money but then they would borrow the €45 million to pay to the Revenue Commissioners so it is a cost saving measure.

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