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. Paul O'Neill:

The general rule of thumb is that the unitary payment for a capital project is roughly €10 million for every €100 million. In this case, the project is worth almost €100 million but the unitary payment is not €10 million, it is actually lower. It depends on what funding rates were secured at the time. For this project, the annual unitary charge is approximately €8 million. Of that, roughly one third relates to the ongoing facilities management and life-cycle expenditure.

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