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
Jonathan O'Brien (Cork North Central, Sinn Fein) | Oireachtas source
We discussed the situation regarding Carillion. I understand that what happened in this regard is not new in that a private investor in a PPP was liquidated. I understand that the all of the projects concerned have been completed and are operational. In such cases, is there an additional indirect cost to the Exchequer? For example, if a party to a PPP housing project goes bust the result would be a slowdown in the construction phase. To my mind, there would be an indirect cost associated with that whereby, owing to the lack of availability of houses, the State would have to continue paying housing supports. In the case of a school project, there would be an indirect cost around renting prefabs. Are such costs factored in on the State side?
No comments