Oireachtas Joint and Select Committees
Thursday, 26 July 2018
Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach
Public Private Partnerships - Liquidation of the Carillion Group: National Development Finance Agency and the Department of Public Expenditure and Reform
11:00 am
Mr. Gerard Cahillane:
Yes, and I will explain. This project is being funded by two banks and by private equity. By the end of December of last year, they had paid up all of the equity and all of the debt was paid into PPP Co. We are absolutely certain the money did flow down and a fraction over 98% of it was paid to Sammon Contracting by the end of December 2017.
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