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. Paddy Howard:

What the Senator is talking about is the US model that was referred to earlier. I take it that it is technically feasible. It involves the main contractor taking out that performance bond and it would have some limitations about who could take it up. In policy analysis on the fly, one anticipates it would give the insurer a role that it does not have at the moment. I do not know what the consequences of that are.

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