Oireachtas Joint and Select Committees
Thursday, 22 March 2018
Public Accounts Committee
2016 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Chapter 4 - Overview of Public Private Partnerships
9:00 am
Mr. Michael Kennedy:
In the briefing document provided we have not provided projections for traffic guarantee or variable operation payments as they are described. To date, we have paid €34.1 million for the Limerick tunnel and prepared future projections for what we consider to be conservative traffic growth scenarios. The future payments would amount to approximately €150 million. We provided this information by year in the briefing documents submitted to the committee. In total, we are looking at a figure of €200 million in traffic guarantee related payments under the scheme.
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