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:

We have mentioned Exchequer funded road schemes on which there is no tolling. The Exchequer pays the capital, operating, maintenance and life cycle costs. That is why I disagree with the Deputy about it being insane. Somewhere or other roads are paid for. There are six road schemes where the private sector took all of the traffic risk. Where traffic is not materialising, it affects their returns. The level of traffic achieved on the eight toll road schemes we procured was recently 70% of what had been expected.

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