Oireachtas Joint and Select Committees

Thursday, 10 October 2019

Public Accounts Committee

2018 Financial Statements of the National Transport Authority

9:00 am

Photo of Bobby AylwardBobby Aylward (Carlow-Kilkenny, Fianna Fail) | Oireachtas source

They are all upward lease arrangements. There are no downward arrangements at all. If we come to a recession or downturn, with Brexit or such, is there any such thing as moneys dropping in negotiations? It sounds strange to me that with all the contracts the NTA has, there are only upward rent increases, with none going down. Should it not go up or down according to economics?

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