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:
That breakdown is in the public domain. The figure comprises a subsidy of €2.1 billion, plus an additional allowance of €480 million as a contingent amount that may be drawn on in 14 specific defined circumstances.
The rules relating when it can be drawn are set out in considerable detail in the contract. The €480 million will only be drawn to the extent that it is required, based on actual circumstances as they might transpire over the course of the project. There is an additional €355 million related to VAT.