Ms Maria Graham:

Mr. Coleman will be able to expand on that aspect. A key characteristic of the LDA is that it is a public company that is dealing in the public good, namely, to maximise what we can get out of these sites in the provision of homes and other types of urban development.

I note the points about governance. If it is useful, we might pull together some information on that aspect for the committee. There are various complexities involved in it. The genesis of much of what is set out in the Bill is in the Kenny report, to which Senator Kelleher alluded, in terms of active land management and so on.

NewERA is part of the National Treasury Management Agency, NTMA, family, having been established by statute by way of the Act under which the NTMA was set up. It is the State's shareholder executive, its role being to advise Ministers on a range of commercial bodies and represent the State's interests as shareholder in those bodies. Its purpose relates precisely to what the Senator is saying about the need for commercial mandates and public policy to be appropriately aligned. NewERA deals with the ESB, Irish Water, Gas Networks Ireland and the Dublin Airport Authority, among other bodies. It will also deal with the LDA.