Oireachtas Joint and Select Committees

Thursday, 12 July 2018

Public Accounts Committee

2016 Annual Report of the Comptroller and Auditor General and Appropriation Accounts (Resumed)
Chapter 23: Accounts of the National Treasury Management Agency (Resumed)
National Treasury Management Agency: Financial Statements 2017 (Resumed)

9:00 am

Photo of Seán FlemingSeán Fleming (Laois, Fianna Fail) | Oireachtas source

Mr. O'Kelly mentioned Carillion. We have reported here regularly on the total number of PPPs and the commitments under all of them. Some of the projects are under construction and some are well into operation. With regard to the key companies involved, is there an overexposure to any one organisation? Maybe nobody thought of doing the sums. If somebody has too much on hand, maybe the State is increasing its risk. Mr. O'Kelly flagged that issue, which I was conscious of. In the schools sector, I can list two or three companies that seem to build every school in Ireland. It seems to be a very limited market. Even Sammon, which was the subcontractor for Carillion, is a major school builder in its own right and it was working on its own projects. As a result of Carillion going bust, Sammon had to go into liquidation and not just on the sites it was working on for Carillion. Its liquidation affected myriad other schools. The pool is too small. What are Mr. O'Kelly's thoughts on who will look at this? The National Development Finance Agency should examine the issue.

Comments

No comments

Log in or join to post a public comment.