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

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11:00 am

Mr. Gerard Cahillane:

The NDFA would re-tender the project, all the equity would be wiped out and the banks would take a significant haircut. The NDFA would repay the bank debt, less the rectification costs. It would also put the delivery of the schools way out there in terms of time.

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