Oireachtas Joint and Select Committees

Thursday, 7 October 2021

Public Accounts Committee

2020 Annual Report of the Comptroller and Auditor General - Chapters 15 and 16
2019 Annual Report of the Comptroller and Auditor General - Chapter 16
National Treasury Management Agency - Financial Statements 2020

9:30 am

Photo of Brian StanleyBrian Stanley (Laois-Offaly, Sinn Fein) | Oireachtas source

This model is known as a gap model but many of us did not know the gap would be so great. The contribution from the private entity is to be between €250 million and €290 million, while the taxpayer is to put up €2.7 billion to €2.8 billion. This is a PPP although it has a different name, the gap model. I do not know where that name came from. It is exposing the taxpayer and the State to an enormous risk. Let us forget that we are talking about the broadband scheme and say we are talking about some other scheme, perhaps a scheme for housing. That risk is very high.

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