Oireachtas Joint and Select Committees

Wednesday, 5 June 2019

Joint Oireachtas Committee on Communications, Climate Action and Environment

National Broadband Plan: Discussion

Ms Michele Connolly:

There is a suite of mechanisms in the contract to protect the State from that eventuality or to protect it in the event that such an eventuality happens. There is a significant series of security packages in terms of performance bonds that Granahan McCourt has to put in place to cover both deployment and what happens at the end of the 25 years. There are additional protections in there from the point of view of security over the assets, which will be exercised through the Minister's special share and through a detailed and significant performance regime that covers both the deployment and the operation of the project.


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