Oireachtas Joint and Select Committees

Thursday, 27 January 2022

Joint Oireachtas Committee on Transport, Tourism and Sport

National Broadband Plan Update: National Broadband Ireland

Mr. Peter Hendrick:

In terms of the capital build cost to which the State has committed, that is, the €2.7 billion the State is capped at, under EU rules, we can only claim up to 92% of all permitted expenditure, which is all the costs associated with building the network. As regards operating and maintaining the network going forward, we have to generate revenues and that is where, ultimately, the shareholders get a return - when we get customers onto the network, generate revenues and it is a viable business.

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