Oireachtas Joint and Select Committees

Thursday, 5 July 2018

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach

Contractual Arrangements for Public Sector Infrastructural Projects: Discussion

9:30 am

Mr. John Hennebry:

We were given a figure of €100 million for the five schools and further education college that the developer was to build. There have been considerable savings in every construction project. It is probably now costing Dutch Infrastructure Fund less than €100 million to build them. There will be liquidated damages which could be blamed on KPMG or the NDFA, as the case may be, but the figure of €250 million which the Government proposes to pay still represents a very good deal.

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