Oireachtas Joint and Select Committees

Thursday, 17 June 2021

Select Committee on Transport, Tourism and Sport

Business of Select Committee
Air Navigation and Transport Bill 2020: Committee Stage

Photo of Hildegarde NaughtonHildegarde Naughton (Galway West, Fine Gael) | Oireachtas source

This amendment enables the DAA to ensure it has access to the necessary liquidity. We are creating a framework for borrowing. This ceiling was raised by way of statutory instrument in recent months to enable the DAA to get access to funding during the Covid-19 crisis. No matter what it does, the DAA will always require the approval of the three Ministers, the Minister for Transport, the Minister for Public Expenditure and Reform and the Minister for Finance, in respect of borrowing. There are safeguards in that regard.

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