Oireachtas Joint and Select Committees
Tuesday, 3 July 2018
Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach
Role and Operation of National Development Finance Agency: Discussion
1:30 pm
Mr. Gerard Cahillane:
They are using both, as are we. To take the example of the construction industry in Ireland, the value of which is approximately €20 billion, the State sector accounts for 25% of it and the PPP sector accounts for approximately 3% to 4% of it. Therefore, the PPP sector is a very small part of the construction industry. By and large the default rates in PPP projects are lower than in traditional projects.
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