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:
The Deputy seems to be suggesting that the NDFA should change its contract with PPP Co. If that contract is fundamentally changed, the NDFA might then be in default and it would then be exposed to the full cost of the project. The equity would get all its money back and the funders would be reimbursed as well. The NDFA does not want to be in that position.
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