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

Photo of Rose Conway WalshRose Conway Walsh (Sinn Fein) | Oireachtas source

That is why we have a responsibility to protect it. It is high risk but there are measures that can be put in place to make it less high risk. The directive states, for example, that the contracting authority shall require the main contractor to indicate to the contracting authority the name, contact details and legal representatives of its subcontractors involved in such works or services, insofar as known at any time. It is all there to make it less of a risk. Our whole economy, not least in the regions, depends on the protection of small indigenous businesses, like the businesses we have discussed here. We are failing as a State and as State agencies if we do not put those protections in place. At the point we are at now, it is not good enough to say it does not come under one's silo remit. That is why the Department and agencies need to get around the table and sort this out. We are talking about the problem that we directly face now being solved by approximately €14 million or €15 million, in aggregate, for the subcontractors. Is that correct?

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