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

Photo of Pat DeeringPat Deering (Carlow-Kilkenny, Fine Gael) | Oireachtas source

Let me interrupt as I wish to seek clarification on the €250 million figure. The initial cost of the buildings was €100 million which I understand was the tendering price and of which €87 million has been spent so far. It is like buying a car by hire purchase. The delegates should correct me if I am wrong, but the Government will start to pay once the contract has been finished. It will be €10 million per year for 25 years or €250 million. That is my understanding of how the process will work. Is that correct?

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