Oireachtas Joint and Select Committees
Thursday, 31 January 2019
Public Accounts Committee
National Paediatric Hospital Development Board: Financial Statements 2017
9:00 am
David Cullinane (Waterford, Sinn Fein) | Oireachtas source
That context was necessary, however long it took. I am again unhappy with the way in which these figures were presented, and I will explain why. The February 2017 figure of €983 million includes the €637 million going to the contractors and separate moneys for the other areas which were not covered by the contractors. This means that the overall cost was €983 million. Underneath this the figure of €1.433 billion is given, but this is not the total cost. The total cost is €1.7 billion, which is what should have been presented to us. The breakdown is now clear to me because we were walked through the difference in the €1.4 billion earlier. I will not go over that again.
There are two issues. This is now dependent on €115 million coming from external sources. Mr. Pollock tells us that he has a strategy regarding philanthropists. That may or may not work. If it does not, I imagine the taxpayer will have to foot the bill. The second issue is how much of the €1.7 billion is going to BAM. That is a straight question. I do not need context. I just need to know how much of the €1.7 billion is going to BAM, because its original bid was for €637 million.
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